International Day of Family Remittances was observed all over the world on 16th June 2019.This day recognizes the contribution of migrant workers to their families and communities back home, and to the sustainable development of their native countries. The day has adopted the Global Compact for Safe, Orderly and Regular Migration (Objective 20) for the reduction of remittance transfer costs, and greater financial inclusion through remittances.
About one in nine people globally are supported by funds sent home by migrant workers.The IFAD’s (International Fund for Agricultural Development) Governing Council in 2015 declared 16 June as International Day of Family Remittances.The first International Day of Family Remittances was celebrated on 16 June 2015. IFAD, as custodian of the IDFR, is supporting the #FamilyRemittances Campaign 2030.
The International Fund for Agricultural Development (IFAD) is an international financial institution and a specialised agency of the United Nations dedicated to eradicating poverty and hunger in rural areas of developing countries. It was established as an international financial institution in 1977 through United Nations General Assembly Resolution 32/107 (15 December 1977) as one of the major outcomes of the 1974 World Food Conference. Seventy-five percent of the world’s poor live in rural areas in developing countries, yet only 4% of official development assistancegoes to agriculture.