Remittances
The funds sent home by migrant workers are a lifeline for rural families, helping to build resilience and support sustainable development
It also promotes the Global Compact for Safe, Orderly and Regular Migration.
Led by IFAD through its Financing Facility for Remittances, GFRID culminates in a biannual summit held on the International Day of Family Remittances. Here, the UN, private and public sector actors, and civil society discuss how to maximize the impact of remittances, reduce transfer costs and enhance coordination. Partners include the African Development Bank, the European Commission and The World Bank.