International Day of Family Remittances

June 16, Monday

The International Day of Family Remittances (IDFR) is a globally recognized observance dedicated to acknowledging the contributions of migrant workers who send financial support to their families in their home countries. These remittances play a crucial role in economic stability and poverty alleviation.

History and Purpose
- Established by the United Nations General Assembly.
- Officially recognized in 2018, but it has been observed since 2015.
- Aims to raise awareness about the importance of remittances in supporting families and driving sustainable development.
- Highlights the need for reduced transaction costs and greater financial inclusion for migrant workers.

Significance of Remittances
- Over 200 million migrant workers contribute to global remittance flows.
- Funds sent home support essential services such as education, healthcare, and housing.
- Helps boost local economies by increasing disposable income and consumption.
- Acts as a financial safety net for families in times of crisis.

Observance and Activities
- Governments and financial institutions discuss policies to improve remittance efficiency.
- Awareness campaigns highlight the impact of remittances on global economy.
- Non-governmental organizations (NGOs) promote financial literacy among migrant workers.
- Events encourage efforts to reduce remittance transaction costs and improve accessibility.

The International Day of Family Remittances serves as a reminder of the vital role that remittances play in strengthening families, reducing poverty, and fostering economic growth worldwide. The continued commitment of policymakers and financial organizations is essential to maximizing their impact.

International Day of Family Remittances – days left: 116. Create Countdown to Event

International Day of Family Remittances in other years

2021 June 16, Wednesday
2022 June 16, Thursday
2023 June 16, Friday
2024 June 16, Sunday
2026 June 16, Tuesday

International Day of Family Remittances in other countries