ROME, JUNE 7 “Sending Money Home: Towards the SDGs, One Family at a Time”, a new report issued by the International Fund for Agricultural Development (IFAD), will be launched in New York at the UN Foundation, on July 14. Adolfo Brizzi, Director, Policy and Technical Advisory Division, IFAD, Pedro de Vasconcelos, Senior Technical Specialist and Coordinator, Financing Facility for Remittances, IFAD will brief on the study of the Rome-based organization documenting that more than one billion people – one out of seven – are involved in either sending or receiving almost half a trillion dollars in remittances every year.
Migration flows and the remittances that migrants send home are having large-scale impacts on the global economy and political landscape, the authors of the Report discovered, with a 51 per cent increase in money migrants sent home over last decade, and the US as top sending country.
This Report is the first-ever study of ten-year trends in migration and remittance flows and shows regional breakdowns over the period 2007-2016. Its analysis and recommendations set the stage for discussions at the Global Forum on Remittances, Investment and Development 2017, taking place on 15-16 June at UN Headquarters in New York. The Forum is organized by IFAD, the World Bank and the UN Department of Economic and Social Affairs (UN-DESA). (@OnuItalia)