The Diplomatic Society

 
  • Increase font size
  • Default font size
  • Decrease font size

International Day of Family Remittances celebrated

16-19 June 2015 in Milan, Italy

         
Milan, Italy 16 June 2015: The first ever International Day of Family Remittances was celebrated on 16 June 2015 at the opening of the Global Forum on Remittances and Development (GFRD2015). The Day - 16 June - unanimously proclaimed by 176 member states of the International Fund for Agricultural Development (IFAD). The creation of the Day was unanimously recommended by representatives of the public and private sectors, and the civil society at the Global Forum on Remittances and Development (GFRD2013) held in Bangkok, Thailand.

IFAD, a specialized agency of the United Nations, called upon to take the lead in developing formal recognition of the Day. As part of the effort, the official celebration of the first International Day of Family Remittances took place on 16 June 2015. High level representatives of governments as well as international organizations, civil society and private-sector leaders participated the event.

African Institute for Remittances (AIR), a specialized technical office of the African Union Commission, participated in the celebration of the first International Day of Family Remittances – 16 June. The AIR team, led by Mr. Hailu Kinfe, will continue to participate on the forum and AIR will also be part of the exhibition organized at the margin of the GFRD2015 on 16-19 June 2015 in Milan, Italy. Briefings on the mandate and role of the Institute were made as well as informational materials are distributed to more than 400 participants representing various government, civil society as well as the private sector.

The AIR was launched in Nairobi, Kenya with its mission “to work exclusively in the areas of African remittances, enhancing market competition to make remittance transfers to and within Africa cheaper, safer, faster and easier so as to maximize their impact on the economic and social development of African Countries”. The objectives are i) improving the statistical measurement, compiling and reporting capabilities of Member States on remittances data; ii) promoting appropriate reforms to the legal and regulatory frameworks on remittances, payment and settlement systems as well as uses of innovative technologies so as to ensure greater competition and efficiency, resulting in reductions of transfer costs; and iii) leverage the potential impact of remittances on social and economic development of African countries as well as promoting financial inclusion.

According to recent estimations, remittances sent by over 30 million African migrant workers, reached more than US$ 64 billion in 2014 (about 20% is originated within Africa) benefitting at least 120 million family members living back home. For many African households, remittances constitute a significant share of their income, reducing poverty and stimulating inclusive growth.

African Union Commission

 


 
 
 
 
 
 
 
 
_________________________________________________

April 2017 Edition

_________________________________________________

Translater


 
 
 
 
 
 
 
 

Science, Technology and Environment Cooperation between South Africa and Argentina 6 April 2017 The Scientific and Technological Cooperation between South Africa and Argentina was further enhanced... <|> High Court on Dagga 6 April 2017 The Hemp, Dagga, Weed, Herb, Marijuana and a plant by any other name, Industrialisation report back presentation was full of positive excitement. Medicines,... <|> Transforming ballet in South Africa 10 April 2017 Transformation in ballet has a long way to go. In order to make the most of talent that is available in South Africa, talented dancers from all... <|> Easing travel regulations between South Africa and Kenya 3 May 2016 South Africa and Kenya have announced measures that will make travelling between the two countries easier. South African Home... <|> Commemorating 20 years of Signing the Red Fort Declaration and bidding farewell 10 April 2017 20 Years ago late President Nelson Mandela of South Africa and Mr HD Deve Gowda, former Prime Minister... <|> Transnet launches first ever train 4 April 2017 Transnet has officially launched it’s the first ever train which it designed, engineered and manufactured. The locomotive, which will serve the... <|> Deputy Minister Landers concludes successful working visit to Central America 7 April 2017 International Relations and Cooperation Deputy Minister Luwellyn Landers has concluded his Working Visit... <|> Sri Lanka and South Africa pursue enhanced cooperation 18 April 2017 The Sixth Session of the Senior Officials’ Meeting of the Partnership Forum between Sri Lanka and South Africa was held in... <|> UN Designates Malala Yousafzai as Messenger of Peace 11 April 2017 United Nations Secretary-General António Guterres designated Malala Yousafzai, global advocate for girls’ education and the... <|> South Africa and Qatar explore investment opportunities 12 April 2017 Pretoria - The President of the Black Business Council, Dr Danisa Baloyi, says South Africa should take advantage of the... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.