Leveraging the impact of remittances towards rural transformation and opportunities for rural development

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Leveraging the impact of remittances towards rural transformation and opportunities for rural development

Time: 14:00 – 15:00 CET

Remittances are an important contribution to the well-being of migrant families and the development of communities of origin. Over 200 million migrant workers around the world sent US$605 billion in 2021, with over 50 per cent of global remittance flows going to rural areas.

Still, regulatory barriers, lacking infrastructure and high transfer costs hinder the potential of remittance flows for rural transformation. Through its Financing Facility for Remittances, IFAD has tried to address these challenges.

This event will explore migrants’ contribution to development, challenges and opportunities faced by stakeholders, and tools to better facilitate remittances.

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Online

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