Remittances
The funds sent home by migrant workers are a lifeline for rural families, helping to build resilience and support sustainable development
Financing Facility for Remittances - IFAD
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Financing Facility for Remittances
© IFAD/Isaiah Muthui
The Financing Facility for Remittances has almost 70 projects in over 50 countries.
Remittances are a crucial contribution to the well-being of migrants’ communities back home. They help lift millions of families out of poverty, and allow them to improve their access to health, education and housing.
Since 2006, IFAD's multi-donor Financing Facility for Remittances (FFR) maximizes the impact of remittances and promotes migrants' investment in their countries of origin.
It promotes innovative transfer modalities, supports financially inclusive mechanisms, enhances competition, provides financial education, and encourages migrant investment and entrepreneurship.
Research and partnerships
The FFR conducts research on global and regional remittances flows. Its Sending Money Home reports provide an overview of trends and opportunities in different remittance markets. It also analyses costs, regulations and the main actors in the ecosystem.
The FFR is involved in global and regional processes on remittances and development, including the Global Forum on Migration and Development, the G20 Global Partnership for Financial Inclusion and the Global Remittances Working Group.