IFAD International Fund for Agricultural Development [to 18 June 2016]
https://www.ifad.org/newsroom/press_release/list/tags/y2016
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15 June 2016
Remittances bring economic stability to families and countries, says IFAD president on International Day
Rome – On the International Day of Family Remittances, 16 June, Kanayo F. Nwanze, President of the International Fund for Agricultural Development (IFAD), calls for greater recognition of the vital financial contribution migrants make to the economic stability of their families and countries.
“The remittances sent back to relatives provide a lifeline, particularly to tens of millions of families living in fragile or post-conflict societies,” Nwanze said. “Remittances can help rebuild the fabric of societies, spark economic development, and bring the stability necessary for a hopeful future.”
In 2015, some 250 million migrants living outside their countries of origin sent nearly US$450 billion back home in remittances. Over the same period, 60 million people were forcibly displaced due to violent conflict and political upheaval, including 20 million refugees who fled across international borders…