International Day of Family Remittances
The International Day of Family Remittances is celebrated every year on 16 June in recognition of the fundamental contribution of migrant workers to their families and communities back home, and to the sustainable development of their countries of origin.
It is estimated that family remittances – the money sent back by migrant workers to their relatives – support 750 million people worldwide. Adding senders and receivers together, remittances directly touch the lives of one in every seven people on earth.
The majority of migrant workers send money home several times a year, typically between US$200 and US$300, several times a year. While these amounts may appear to be relatively small, they often constitute 50 per cent or more of the migrant’s family’s income in their home country.
Remittances are also an important part of the development agenda for governments and international organizations to lower transfer costs, promote financial inclusion, and maximize the impact of these resources for the benefit of families and the communities where they live.
These flows represent a critical lifeline for millions of households. It is at the local level that the positive impact of remittances can be amplified by providing more options and greater economic opportunities for families on the receiving end.
The International Day of Family Remittances represents an invaluable opportunity not only to recognize the efforts of migrant workers globally, but also to strengthen partnerships to promote the development impact of remittances worldwide.
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International Day of Family Remittances Brochure
The International Day of Family Remittances recognizes the efforts of millions of migrants to improve the lives of their families and to create a future of hope for their children. Remittances – the money that is sent home by migrants – help to sustain 800 million people and are a major contributor to development. Some 40 per cent of remittances go to rural areas, where poverty and hunger are concentrated.