Remittances

News in Brief 8 December 2020

  • Don't let your guard down during COVID vaccine drive: WHO
  • IOM business support helps vulnerable women and children
  • Release Julian Assange immediately UN rights expert urges
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UN chief in ‘support migrants’ plea, as remittances drop by 20 per cent predicted

Marking International Day of Family Remittances, the UN Secretary-General, António Guterres, has released a message appealing for “people everywhere” to support migrants, at a time when remittances – the money migrants send home to support their families – have fallen by more than $100 billion, causing hunger, lost schooling and deteriorating health, for tens of millions of families.

Coronavirus a challenge, and opportunity, to fix remittances system than funnels billions home from abroad

Often the equivalent of several hundred dollars a month, remittances – the money that migrant workers send home to their families – have been adding up in a big way to contribute to the Sustainable Development Goals (SDGs) that will especially benefit families in developing countries, and keep tens of millions out of poverty.

270 million people are migrants, who send home a staggering $689 billion

The number of international migrants in 2019 is now estimated at 270 million and the top destination remains the United States, at nearly 51 million, the UN migration agency said on Wednesday.

More than 90 per cent of Africa migrants would make perilous Europe journey again, despite the risks

A landmark UN migration study published on Monday shows that 93 per cent of Africans making the journey to European countries along irregular routes, would do it again, despite facing often life-threatening danger. 

Remittances matter: 8 facts you don’t know about the money migrants send back home

This Sunday marks the second International Day of Family Remittances, observed every year on 16 June, in recognition of the fundamental contribution of migrant workers to their families and communities back home.

Much more than a ‘lifeline’ for millions of households, remittances can spur global growth, says UN agency

Not only are remittances a “critical lifeline” for millions globally, the direct benefits of money sent home by migrant workers touch the lives of one in every seven persons on the planet – over one billion people, the United Nations rural development agency has said.

 

Migrant workers sending home more money than a decade ago

The amount of money migrants send home to their families in developing countries has increased by 51 per cent over the past decade, “lifting millions out poverty,” a new report by the International Fund for Agricultural Development (IFAD) has fo

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UN and Africa: focus on African Union, post offices and digital classroom in a box

AU-led peace operations need “predictable and sustainable” financing

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