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Global remittances flows expected to reach US$5.4 trillion by 2030 spurred on by digitalization
Global remittances, the hard-earned money sent by migrant workers to their family members in low- and middle-income countries (LMICs), grew by 8.6 per cent in 2021. Despite predictions that the COVID-19 pandemic would reduce remittance flows, the momentum was sustained due to a 48 per cent increase in money sent through mobile channels, according to the report MobileRemit Africa launched today by IFAD.
UN’s IFAD signs letter of intent with China’s Centre for International Agricultural Research
IFAD and the Centre for International Agricultural Research (CIAR) of the Chinese Academy of Agricultural Sciences (CAAS) signed a letter of intent today, detailing the conditions of a strategic partnership between the two organisations in their efforts to jointly support rural revitalization in China and globally.