Archive

IFAD piloted a new microinsurance distribution channel linked to remittance services, promoting partnerships between Money Transfer Operators (MTOs) and insurance companies who wish to develop customised products for migrant workers and their families back home.  The project involved financial literacy to strengthen the knowledge of...

The World Bank released a set of actions to support the remittances sector over the near term, as well as over medium term, to accelerate the efforts to reduce remittance prices to respond to the challenges of widespread unemployment and the plight of migrant communities...

The Remittance Community Task Force (RCTF) is launched by the International Fund for Agricultural Development as an initiative under the Global Forum on Remittances Investment and Development (GFRID), with the collaboration of its co-organizers, the African Union and the World Bank Group. To date, 35...

The United Nations Secretary General called for global solidarity in response to the coronavirus crisis. In his address, he underscored the fact that “remittances are a lifeline in the developing world – especially now. Countries have already committed to reduce remittance fees to 3 percent,...