International Day of Family Remittances on June 16
International Day of Family Remittances is observed on June 16 every year and was declared by the UN General Assembly. The major goal of this day is to give family members a future filled with hope. The day also honours the contributions made by more than 200 million migrants to the welfare of their loved ones back home.
The purpose of the International Day of Family Remittances is to raise awareness of the migrant workers’ tenacity and fortitude in the face of monetary insecurity, natural disasters, and climate-related catastrophes. The following are some statistics on the International Day of Family Remittances:
- Each year around 200M migrant workers in about 40 rich countries send remittances to over 800M relatives in 125 low- and middle-income countries
- Remittances can directly impact the lives of billions of people, either as senders or receivers
- Global remittances are three times greater than Official Development Assistance
- Remittances make up an average of 60% of household income
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