Remittances to ECCAS: the DRC gets the lion’s share

The Democratic Republic of Congo (DRC) is the country that has received most remittances in the Economic Community of Central African States (ECCAS) in 2018.

Congolese migrants sent $ 1.405 billion (833.4 billion CFA francs), or 69 percent of the global sum of US $ 2.036 billion (about CFAF 1.186 billion).

This is what emerges from the report, called « Overview of Remittances in ECCAS Countries », which reached the press on Thursday 5 September.

According to the document, Cameroon comes second with $ 345 million (17%), or 201 billion FCFA.

It is followed by Rwanda, 230 million dollars (11.3%), Burundi 36 million dollars (1.7%). And finally Sao Tome and Principe 17 million dollars (0.83%).

Moreover, the study shows that over a period from 2008 to 2010, remittances in this area amounted to 12, 904 billion dollars (nearly 7 523 billion FCFA).

It is still the DRC that occupies the first place with 8, 196 billion dollars (4 778 billion CFA francs), or 63.5% of the total amount. Cameroon is also in second place with 2, 129 billion (1,241 billion FCFA), or 16.5% of the total.

It should be noted that this report was funded by the Secretariat in charge of the African, Caribbean and Pacific Group of States (ACP) and the European Commission.

Created in October 1983, ECCAS currently has 11 member states namely Angola, Burundi, Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea, DR Congo, Rwanda, Sao Tome & Principe and Chad.

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