The 16th of June is designated as the International Day of Family Remittances, which honours the significant role that migrants play in providing for their families back home. The IDFR recognises the vital role of 200 million migrant workers who send money to 800 million family members in low- and middle-income nations. It promotes remittances, lower transfer costs, and migratory worker resiliency.
Known and Unknown Facts About International Day of Family Remittances
- Established-The UN Governing Council proclaimed June 16 International Day of Family Remittances during a session in Rome in February 2015.
- Date– 16th June 2023, Friday
- Venue-United Nations Office at Nairobi, Kenya
- Purpose-Family remittances are transfers of money from people who live abroad to their family members back home. These transfers are one of the biggest sources of money coming into developing countries, second only to foreign aid.
- Theme 2023 – “Support one billion people to reach their own SDGs”.
- Activities-Remittances are money sent abroad. Foreign workers send to relatives in their native countries. Low-income and developing nations rely heavily on remittances.
- According to UN estimates, families transmit about 500 billion US dollars annually across borders. These remittances enable education, food, health, and housing.
- Money transfer providers advertise on streets worldwide, from big cities to rural villages, as well as online.
- Migrants help their relatives in unstable states and crises, according to the UN resolution.
People also Ask / FAQ
- Question – When 1st International Day of Family Remittances was Celebrated?
- Answer – The UN Governing Council proclaimed June 16 International Day of Family Remittances during a session in Rome in February 2015.
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