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The IMTC Brasil 2012 conference, held in São Paulo on February 14, highlighted the World Bank's initiative aiming to achieve the 5 by 5 objective in international remittances. Led by Massimo Cirasino, Manager of Financial Infrastructure at the World Bank, the discussion focused on reducing transaction costs and improving access to financial services for developing countries. This event gathered experts to explore strategies that promote efficient remittance flows and financial inclusion, ultimately benefiting economies dependent on remittances.
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