Post by account_disabled on Mar 11, 2024 14:53:06 GMT 7
Gilbert F. Houngbo, president of the International Fund for Agricultural Development (IFAD), estimates that in 2019 the remittances that international migrant workers will send to their families will exceed 550 billion dollars, about 20 billion more than last year.
The money sent home by the France Mobile Number List world's 200 million migrant workers more than triples the funds allocated to official development assistance and exceeds foreign direct investment, according to a message published in the framework of the International Day of Family Remittances.
This is a huge figure if one takes into account that it represents only 15% of the earnings of migrant workers, who keep the remaining 85% for themselves in the host countries.
According to a statement from the United Nations, a few days ago Santiago Javier Chávez Pareja, Vice Minister of Human Mobility of Ecuador, the country that will host the next meeting of the World Forum on Migration and Development, also known as the Quito Summit, said through a video conference that “remittances are at the heart of the interconnection between migration and development,” and highlighted how this money contributes to changing the face of the agricultural sector, since half of this money goes to rural areas.
For the Ecuadorian ambassador to the UN, Emilio Izquierdo stated that “migration is a global phenomenon that has always been part of humanity and highlighted that policies on this matter have to pay special attention to the protection of human rights, reduce vulnerability and addressing the needs of communities.”
“We believe that it is possible to find approaches and durable solutions that are favorable to countries of origin, transit and destination to maximize the positive effects of migration for development,” he added.
« Remittances represent a powerful instrument through which migrants can contribute to the development of their countries of origin» so for the ambassador «it is logical that the 2030 Agenda for Sustainable Development and the Global Compact for Safe, Orderly and Regular Migration call to promote more agile, secure and cheaper remittances, as well as to promote the financial inclusion of migrants.”
The money sent home by the France Mobile Number List world's 200 million migrant workers more than triples the funds allocated to official development assistance and exceeds foreign direct investment, according to a message published in the framework of the International Day of Family Remittances.
This is a huge figure if one takes into account that it represents only 15% of the earnings of migrant workers, who keep the remaining 85% for themselves in the host countries.
According to a statement from the United Nations, a few days ago Santiago Javier Chávez Pareja, Vice Minister of Human Mobility of Ecuador, the country that will host the next meeting of the World Forum on Migration and Development, also known as the Quito Summit, said through a video conference that “remittances are at the heart of the interconnection between migration and development,” and highlighted how this money contributes to changing the face of the agricultural sector, since half of this money goes to rural areas.
For the Ecuadorian ambassador to the UN, Emilio Izquierdo stated that “migration is a global phenomenon that has always been part of humanity and highlighted that policies on this matter have to pay special attention to the protection of human rights, reduce vulnerability and addressing the needs of communities.”
“We believe that it is possible to find approaches and durable solutions that are favorable to countries of origin, transit and destination to maximize the positive effects of migration for development,” he added.
« Remittances represent a powerful instrument through which migrants can contribute to the development of their countries of origin» so for the ambassador «it is logical that the 2030 Agenda for Sustainable Development and the Global Compact for Safe, Orderly and Regular Migration call to promote more agile, secure and cheaper remittances, as well as to promote the financial inclusion of migrants.”