Web Desk: Today on June 16th marks the International Day of Family Remittances (IDFR), a day that recognizes the hard work and sacrifice of the millions of migrants who support their family members and communities of origin through the money they send back home.
The International Day of Remittances (IDFR) recognizes the contributions of migrant workers and highlights the vital role that remittances play in improving the livelihoods of millions worldwide.
For the 10th IDFR, this year’s campaign calls for greater awareness of remittances as vital instruments in narrowing the financing gap for sustainable development.
Through the money they send home, migrants support livelihoods, strengthen economies and contribute directly to the Sustainable Development Goals (SDGs).
Over the past decade, migrants have sent US$5 trillion in remittances to low- and middle-income countries, exceeding official development assistance and equalling foreign direct investment.
More than one-third of these funds have reached rural areas, where they count the most.
