Thursday, 15 June 2023

International Day of Family Remittances 2023: Date, Theme, Significance and History

 The International Day of Family Remittances (IDFR) is a universally-recognized observance adopted by the United Nations General Assembly and celebrated every year on 16 June. The Day recognizes the contribution of over 200 million migrants to improve the lives of their 800 million family members back home, and to create a future of hope for their children. Half of these flows go to rural areas, where poverty and hunger are concentrated, and where remittances count the most.

According to the United Nations, the theme of International Day of Family Remittances 2023 is “Digital remittances towards financial inclusion and cost reduction.”

International Day of Family Remittances 2023: Date, Theme, Significance and History_50.1

Significance of International Day of Family Remittances

International Day of Family Remittances advocates policies and measures to increase financial inclusions and creates an environment to enhance the remittance benefits for both the migrant workers and their families.

The day highlights the tenacity, devotion, and love displayed by migrant workers who support their families from abroad.

According to United Nations, “The Day recognises the contribution of over 200 million migrants to improve the lives of their 800 million family members back home, and to create a future of hope for their children. Half of these flows go to rural areas, where poverty and hunger are concentrated, and where remittances count the most.”

 

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