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IDFR 2020 – Building Resilience in Times of Crisis – #Familyremittances

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IDFR 2020 – Building Resilience in Times of Crisis – #Familyremittances www.familyremittances.org Table of contents Table of contents �����������������������������������������������������������������2 Message of the United Nations Secretary-General, António Guterres ��������3 Message of the President of IFAD, Gilbert F� Houngbo ������������������������4 The IDFR 2020 Campaign: Building resilience in times of crisis ���������������5 The Remittance Community Task Force ����������������������������������������7 The IDFR 2020 Highlights �������������������������������������������������������9 Key figures (June 2020) ������������������������������������������������������9 Actions ���������������������������������������������������������������������� 10 Digital mobilization ���������������������������������������������������������� 12 Web and social media ������������������������������������������������������ 13 Press coverage ������������������������������������������������������������� 16 Annex 1: Resolution adopting the International Day of Family Remittances ���������������������������������������������������������� 17 Annex 2: Members ������������������������������������������������������������� 19 Message of the United Nations Secretary-General, António Guterres On the International Day of Family I call on all stakeholders to take steps to Remittances, and in the midst of the reduce remittance transfer costs, provide COVID-19 pandemic, we recognize the financial services for migrants and their determination of 200 million migrants families – particularly in rural areas – and who regularly send money home, and promote financial inclusion for a more the 800 million family members living in secure and stable future� The Global communities throughout the developing Compact for Safe, Orderly and Regular world who depend on those resources� Migration offers one key platform for action� Last year, remittances to low- and I am encouraged by wide-ranging middle-income countries reached a support for the global campaign – record US$554 billion – more than three #FamilyRemittances: Building resilience times the amount of official development in times of crisis� assistance and surpassing the level of foreign direct investment� Let us do our utmost to Yet this year, the World Bank projects that support millions of families remittances will fall by about 20 per cent, or US$110 billion, causing hunger, lost to reach their own goals. schooling and deteriorating health for tens In doing so, we will come of millions of families, with an especially heavy impact on women and girls� Several closer to achieving the nations and organizations have issued a Sustainable Development call to action to “keep remittances flowing”, urging policymakers to declare remittance Goals, one family at a time. services as essential and facilitate the scaling up of digital remittance channels� At this time of global crisis, I appeal to people everywhere to support migrants, who are among the engines of the global economy and make crucial contributions to well-being across the world� 3 Message of the President of IFAD, Gilbert F. Houngbo This year’s IDFR Observance Event, The IDFR provides an opportunity for which took place virtually, ended with institutions to come together and commit IFAD’s President video message to the to practical actions to sustain migrants over 700 people watching� and their families and build resilience to future shocks� In these difficult times, “On this International Day of Family IFAD has brought together partners from Remittances we invite you to join IFAD in different sectors to identify key priorities� recognizing the hard work and courage We call upon: of migrants and their families� There are 200 million migrants around the world – governments to recognize remittance supporting over 800 million family members services as essential and implement back home� On June 16 of each year, the policies fostering competition and international community recognizes them� innovation in the remittance market; Their resilience today is being tested by a – private sector to use technology and pandemic that has challenged the entire digital services to reduce the cost of globe� COVID-19 has hit migrants very sending money home and improve hard� It has exposed them to job loss and speed and security; health risks and it threatens the economic lifeline of their families back home� – civil society to support programmes in financial education to help migrants Migrant workers and their families have save and invest to build resilience and a few safety nets: no work means no create opportunities for themselves and remittances� This year remittances are their communities back home� expected to drop by 20 per cent, hence tens of millions of families, including recipients of remittances, will fall into Today we recognize the effort extreme poverty� of all the women and men Each payment of about 200 to 300 dollars who work hard and make represents the hard work and compassion sacrifices to send money of migrants for families back home and adds up to half a trillion dollars per year home. Let us commit to globally, with at least 250 billion dollars do our part to make sure going to rural areas alone� that this hard-earned money These amounts have since the mid-nineties results in more resilience surpassed all development assistance combined� IFAD works with rural families and a brighter future for to build a better future by creating linkages rural communities.” between inclusive financial services and remittances, which help alleviate hunger and poverty� 4 The IDFR 2020 Campaign: Building resilience in times of crisis On 11 March 2020, the World Health On 19 March 2020, the Secretary-General Organization (WHO) declared COVID-19 of the United Nations called for an urgent a pandemic� Lockdown and other and coordinated response from the preventive measures taken up by the international community to address the majority of countries to contain the spread COVID-19 pandemic, underscoring the have caused an unprecedented global fact that “remittances are a lifeline in the economic upheaval due to job losses developing world – especially now”� resulting from business closures and the sharp reduction in economic activity� Responding to the UN Secretary-General’s Among the most affected groups are call, on 24 March, IFAD, together with the estimated 200 million international the World Bank Group and the African migrant workers and their 800 million Union (the co-organizers of the Global family members back home who rely on Forum on Remittances, Investment and remittances for their livelihood� Development), launched the Remittance Community Task Force (RCTF), as part According to the World Bank Group, of the IDFR 2020 Campaign “Building remittance flows to low- and middle‐ resilience in times of crisis”. income countries are projected to decline by 7.2 per cent, to US$508 billion The campaign promotes concrete actions in 2020, followed by a further decline to support remittance families, while at the of 7.5 per cent, to US$470 billion same time recognize the key roles they play in 2021� Unlike previous shocks, the for the wellbeing of millions of families as economic impact and scale of COVID-19 well as the sustainable development of their is simultaneously affecting remittance local communities� The International Day sending and receiving countries� The of Family Remittances (IDFR), celebrated decrease in these flows threatens decades every year on 16 June, served as a catalyst of progress towards the achievement of the moment to propel the campaign to the SDGs, including poverty reduction, income global stage� equality, nutrition, health and education� I am encouraged by wide-ranging support “ for the global IDFR 2020 campaign: #FamilyRemittances: Building resilience in times of crisis. Let us do our utmost to support millions of families to reach their own goals. In doing so, we will come closer to achieving the Sustainable Development Goals, one family at a time.” António Guterres 5 The IDFR: A universally-recognized observance The International Day of Family Through this observance, the United Remittances (IDFR) is a universally- Nations aims to bring greater awareness recognized observance adopted by the of the impact that these contributions have United Nations General Assembly on millions of households, but also on (A/RES/72/281) and celebrated every communities, countries and entire regions� year on 16 June� The day recognizes the The IDFR also calls upon governments, contribution of over 200 million migrants private sector entities, as well as civil to improve the lives of their 800 million society, to find ways to maximize the family members back home, and to create impact of remittances through individual, a future of hope for their children� Half and/or collective actions� of these flows go to rural areas, where poverty and hunger are concentrated, and where remittances count the most� The IDFR is fully recognized at the global level, and included as one of the key initiatives to implement the Global Compact for Safe, Orderly and Regular Migration (Objective 20), also calling for the reduction of remittance transfer costs, and greater financial inclusion through remittances. The IDFR also furthers the 2030 Agenda for Sustainable Development and the Sustainable Development Goals (SDGs). > See Annex 1 on page 17 to read the full UN Resolution (A/RES/72/281) 6 The Remittance Community Task Force (RCTF) Understanding the need to act together as the UN Framework for the Immediate one to confront the global emergency, key Socio-Economic
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