IN AFRICA MIGRATION FOR DEVELOPMENT II. The strategic framework for managing migration IN AFRICA Recommended strategies i. Reduce the cost of transferring remittances by fostering competition in remittances markets. ii. Encourage the transfer of remittances by adopting sound macro-economic policies conducive to investment and growth and appropriate financial sector policy that encourage financial institutions and their outreach, such as post office networks, supporting credit unions, and rural financial service providers. iii. Strengthen collaboration with AIR, relevant stakeholders in civil society, the donor community and financial sector to create incentive strategies and investment opportunities for remitters in commercial, entrepreneurial and other productive activities. iv. Improve the quality of data reporting on remittance and migration statistics and generate qualitative evidence, including on the gender dimensions of remittance flows, to create a solid basis for future gender-responsive policy action on remittances. Data should be disaggregated by sex, age, and other relevant factors of migration. v. Promote the effective mobilisation and utilisation of the Diaspora funds for investment and development of the public and private sector, which in the long term will improve the macro-economic environment and reduce outflows or emigration of African professionals. vi. Make it easier for migrants and their families to access financial services, including by extending financial literacy training to remittance senders and receivers vii. Boost the use and security of technology, such as mobile money, for crossborder remittances. 41