International remittance flows often exceed Foreign Direct Investment in Africa and account for more than twice as much as the world’s total Official Development Aid. In this regard, there is no doubt that the capture of timely, reliable, accurate and comprehensive statistics is pivotal to the region’s macroeconomic policy management and deliberate policy must be designed to attract more inflows from our compatriots abroad.
What new legal and regulatory issues will be raised by the introduction of the new payment instruments? How will the necessary coordination of the different actors in the payments system be achieved in a deeply evolving set-up? And how will the necessary stability of the financial system be maintained?