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12 reasons why remittances are important
Remittances continue to matter more than ever, particularly in rural areas where they count the most and provide further opportunities towards rural transformation. Here are 12 reasons why.
11 reasons why remittances are important
Every year, on 16 June, the International Day of Family Remittances (IDFR) is observed to raise further awareness on the abnegation and sacrifice of migrant workers, who support their families and communities of origin through the money they send back home, particularly in these times of crisis.
Helping remittances reach rural areas in Moldova
For some time now, it has been difficult to find well-paid work in Moldova. Most of the good jobs available are concentrated in the cities, resulting in significant migration out of the country’s rural areas.
Stay at home! Savings, contingencies and electronic wallet use
Without initially knowing it, last year more than 13,000 young women in Colombia began to prepare for the current economic and social impacts of the COVID-19 pandemic.
Mobilizing inclusive remittances for rural development
It has long been recognized that the money remitted by migrants is used to supplement the receiving family’s income and is therefore largely spent on consumption. Only a small amount of remittances is invested in productive assets, much less saved.
Sending money home: ten reasons why remittances matter
The International Day of Family Remittances is observed 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.
The Malian diaspora invests to offer young people a better future at home
In Mali, young rural people find it difficult to borrow funds to start or develop their agricultural activities. This may now change thanks to the Babyloan Mali platform.