Brussels-New York: Europe and the Arabs
The United Nations said that the celebration of this International Day of Family Remittances comes in appreciation of the more than 200 million migrant workers, women and men, who send money to improve the lives of their family members in their home countries. financial and cost reduction.
The theme of this year's celebration focused on the benefits derived from digital and financial inclusion, when linked to remittances, in helping the families to whom these remittances are sent achieve the Sustainable Development Goals in their livelihoods.
The Agricultural Development Fund, as the coordinating body for the celebration of this occasion, aims to ensure the support of this occasion and the dissemination of the work resulting from it within the framework of the ten-year #FamilyRemittances campaign for the period 2020-2030 aimed at supporting one billion people to achieve the goals of sustainable development in their livelihoods. The campaign is also intended—in that time frame and by highlighting annual themes aligned with the global development agenda—to strengthen the roles of stakeholders and guide them in focusing on new trends and priorities that make remittances more important.
The 2023-2024 campaign focuses on promoting digital technologies to improve financial inclusion in low-income and middle-income countries, and working towards achieving the 3 percent cost reduction target as set out in Goal 10 of the Sustainable Development Goals.
Celebrate the International Day of Family Remittances—adopted by the United Nations General Assembly, on 16 June—to honor the more than 200 million migrant worker women and men who send money to improve the lives of 800 million family members back home, and contribute to a future of hope for their children. It should be noted that half of these flows go to rural areas, where poverty and hunger are concentrated, and where these remittances are of great importance.

By marking this occasion, the United Nations aims to raise awareness of the impact of these contributions on the livelihoods of millions of families, and their impact on entire communities, countries and regions. This day also represents a call to governments and private sector entities, as well as civil society, to seek to maximize the impact of remittances, whether by individual action or collective action.

There is global recognition of the occasion, as it is listed as one of the key initiatives to implement the Global Compact on Safe, Orderly and Regular Migration (Target 20), as well as a call for lowering remittance fees and increasing financial inclusion through it. This day also promotes the achievement of sustainable development goals and the advancement of the 2030 Agenda for Sustainable Development.

Remittance flow trends
In 2022, international remittances to low- and middle-income countries will reach nearly US$626 billion. Migrant workers send monthly remittances of an average of 200 to 300 US dollars to meet the basic needs of their families, in addition to the benefits of those remittances to families and local communities alike, which helps many families achieve sustainable development goals in their ❞living ❝.

In addition, the fee for transferring an amount of USD 200 internationally remains high, reaching 6% in the second quarter of 2022. Although mobile service companies offer lower fees (3.5%), less than 1% of These transactions take place through digital channels. Remittance services are now much faster and less expensive thanks to digital technologies.
In marking this occasion, the United Nations pays tribute to the determination and resilience of the human spirit as evidenced by the efforts of migrant workers. Furthermore, the United Nations calls on governments, the private sector, development organizations and civil society to promote digital and financial solutions for remittances that enhance social and economic resilience and inclusion.