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Writer's pictureLalit Kishore

Remittances are a lifeline in the developing world – especially now: UN Chief António Guterres


According to the UN, this year, the International Day of Family Remittances (IDFR, June 16) is being observed under unprecedented conditions since COVID-19 has changed the world. Millions of migrant workers are losing their jobs, and many remittance families are suddenly pushed below the poverty line.


"Remittance families are typically both resourceful and resilient in the face of difficult circumstances and changing conditions. But COVID-19 is disrupting an entire system that directly involves 200 million migrant workers, half of them women, around the world and their 800 million family members back home," States UN website.


It adds, "Through this observance, the United Nations aims to bring greater awareness of the impact that these contributions have on millions of households, but also on communities, countries, and entire regions. The Day also calls upon governments, private sector entities, as well as the civil society, to find ways that can maximize the impact of remittances through individual, and/or collective actions."



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