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1,820,475,243,138

Total remittances sent to low-
and middle-income countries (
US$)
Since 1 January 2020

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10,065

Remittances sent to urban areas (US$)

6,697.2

Remittances sent to rural areas (US$)

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12,581.25

Remittances spent on daily needs (US$)

4,193.75

Remittances that are either saved or invested (US$)

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“It is not about the money being sent home, it is about the impact on people’s lives.

The small amounts of $200 or $300 that each migrant sends home make up about 60 per cent of the family’s household income,
and this makes an enormous difference in their lives and the communities in which they live.”

 

Gilbert F. Houngbo
President of the International Fund for Agricultural Development

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At the household level: by recognizing the positive socioeconomic impact of remittances on families’ wellbeing (SDGs 1, 2, 3, 4 and 5).

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At the community level: by supporting policies and specific actions to promote synergies between remittances and financial inclusion, encourage market competition and regulatory reforms, and mitigate any negative impact resulting from climate change (SDGs 6, 7, 8, 10, 12 and 13).

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At the international level: by ensuring that the revitalized Global Partnership for Sustainable Development – as outlined in SDG 17 – and the GCM promote collaboration across all sectors involved in remittances.

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Endorsements