International Day of Family Remittances

Date: June 16th

Background: The International Day of Family Remittances (IDFR) is not specific to the United States but is recognized globally. It was proclaimed by the United Nations General Assembly and officially adopted on June 16, 2018. The day acknowledges the significant financial contribution migrant workers make to the wellbeing of their families back home and to the sustainable development of their countries of origin.

History: The IDFR was first celebrated in 2015 through the initiative of the International Fund for Agricultural Development (IFAD). It aimed to recognize over 200 million migrant workers who support their 800 million family members back in their home countries. The day highlights remittances as a critical lifeline for millions globally, particularly in developing countries where these funds are often a significant part of national economies.

Traditions: There are no specific traditions associated with IDFR, especially since it is an observance focused on raising awareness rather than cultural or public festivities. However, various stakeholders, including governments, financial institutions, and development organizations, use this day to:

• Promote greater access to remittance services
• Reduce costs associated with sending remittances
• Highlight the impact of remittances on poverty reduction and economic development
• Organize events and campaigns that draw attention to the contributions of migrant workers

What People Do: On this day:

• Conferences or seminars may be held to discuss issues related to remittances.
• Organizations may launch reports or data reflecting trends in global remittance flows.
• Educational campaigns are conducted focusing on financial literacy and inclusion for migrants and their families.
• Efforts are made towards policy advocacy for improving remittance infrastructure and reducing transfer costs.

In summary, while there might not be traditional celebrations in the United States for IDFR, it serves as a day for stakeholders engaged in migration and development sectors to reflect on and take action towards enhancing the impact of remittances globally.