International Day of Family Remittances

The International Day of Family Remittances (IDFR) celebrated every year on 16th June. Himalai IAS Coaching Centre in Bangalore spread awareness about social responsibilities current events for the civil service exams like IAS exams, KAS exams, IES exams, and other competitive exams.

Family Remittances meaning is payment or invoice given to a family member back in a person’s home country.

Background

International Day of Family Remittances is for those people seeking better opportunities, to overcome life-threatening situations, poverty, persecution, a tremendous number of migrants and refugees around the world are crossing the international borders.

  • Recent studies show that a large majority of international migrants around 200 million are economic migrants. From this, migration is the key to the rural and structural transformation and must be included in the development agendas of developing countries.
  • The 2030 Agenda for Sustainable Development provides a development framework that can help in countries on a development pathway that ensures migration as a choice, not a necessity.

International Day of Family Remittances recognize for making a financial contribution to the migrant workers and make to the well-being of their families and children which further makes the sustainable development of the country.

  • International Day of Family Remittances aims at uplifting the civil society as well as public and private sectors, which collaborate to do more functions together thus, increase those funds. The Day also furthers 2030 Agenda for Sustainable Development and the Sustainable Development Goals.
  • The resolution for establishing International Day of Family Remittances acquired by the United Nations General Assembly on 12 June 2018 (A/RES/72/281).
  • 176 member states of International Fund for Agricultural Development   (IFAD), Governing Council at its 38th session in February 2015 unanimously demonstrated International Day of Family Remittances.
  • On the opening of the Fifth Global Forum on Remittances and Development in Milan on 16th June 2015, the first International Day of Family Remittances (IDFR) celebrated by private sector representatives, more than 400 policymakers and civil society leaders. The 22 UN organizations within the Global Migration Group (GMG), IOM and several other member states also support International Day of Family Remittances.

Global Relevance to International Day of Family Remittances

  • Global relevance to the International Day of Family Remittances 2019 is that the International Community and the  United Nations have focused on each and every aspect of the migration since 2015.
  • As per the United Nations, migrants are the main fact for the change for development and considered their contributions in global discussions.
  • At the third International Conference on Financing for Development, Addis Ababa Action Agenda (AAAA)  was adopted by the United Nations General Assembly in its resolution 69/313 of 27 July 2015, which provides the foundation for executing 2030 Agenda.

2030 Agenda for Sustainable Development

  • The United Nations General Assembly resolution containing 70/1, containing 2030 Agenda for Sustainable Development, for the next 15 years, plan of action for people, planet and prosperity entered into effect on 25 September 2015.
  • The 2030 Agenda includes 17 Sustainable Development Goals and 169 supporting targets.

   To celebrate and mark the day, International Day of Family Remittances 2019, Family Remittances 2030 Campaign is going on, which supported by the United Nations International Fund for Agricultural Development (IFAD).

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