The Remittance Community Task Force (RCTF) was launched by IFAD, through its Financing Facility for Remittances (FFR), on 24 March 2020, in response to the call by the UN Secretary General for global solidarity. In that call, the Secretary General noted that “remittances are a lifeline in the developing world”.
The priority of this Task Force is to develop a coordinated and concerted effort to raise awareness of the impact of the COVID-19 pandemic on the ONE BILLION people on earth directly involved in remittances.
To date, 38 organizations have joined the RCTF, including international organizations, inter-governmental bodies, industry and private sector groups, networks of diaspora organizations and international experts on remittances. This Task Force also includes a large reference group comprised of government representatives and national development agencies.
National remittances task forces (NRTF) were also launched in April in The Gambia, Ghana and Senegal. They saw the participation of more than 100 members from all sectors in the three countries. While seeking to have a national perspective on the impact of the crisis, the NRTFs are bringing in the expertise of the RCTF to identify key actions addressing their national realities.
Remittances in crisis: response, resilience, recovery
BLUEPRINT FOR ACTION
The Blueprint for Action, developed as a collaborative effort of RCTF members, showcases a preliminary set of immediate and short-term measures to be considered by public authorities, the private sector and civil society as part of their collective efforts to facilitate fast, cheap and safe remittance flows during the post-COVID-19 crisis and its aftermath.
Italian Agency for Cooperation and Development – AICS
UK’s Department for International Development – DFID
European Commission (Directorate General for International Cooperation and Development – DEVCO ; Directorate General for Economic and Financial Affairs – ECFIN ; Directorate-General for Financial Stability, Financial Services and Capital Markets Union – FISMA )
Deutsche Gesellschaft für Internationale Zusammenarbeit – GIZ
Swiss Agency for Development and Cooperation – (SDC)
Briefs and Must-read
The Remittance Community Task Force is providing regular updated information concerning the challenges facing remittance families during the COVID-19 crisis through its Briefs and Must Read, which are listed below: