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When the "International Day of Family Remittances" is observed on?
A)
June 13
B)
June 14
C)
June 15
D)
June 16

Correct Answer : Option (D) - June 16


To recognise over 200 million migrant workers including men and women, who send money home to more than 800 million family members, every year on June 16, the International Day of Family Remittances (IDFR) is observed. This important day also highlights the great resilience of migrant workers during economic insecurities, natural and climate-related disasters and a global pandemic.
 
The day observes the efforts of the migrant workers who help to improve the living standards of their families back at home. IDFR also celebrates the hope that they have created for the future to come. According to United Nations, the remittance flow has increased five-fold over the past twenty years.
 
INTERNATIONAL DAY OF FAMILY REMITTANCES 2022 THEME : Every year, the day is observed under some or the other theme, but this year the United Nations is continuing last year’s theme which is ‘Recovery and resilience through digital and financial inclusion.’ This theme was selected as earlier it was expected that the coronavirus would affect the family remittances. However, the resilience in the remittance flows was underestimated, and as per the UN in 2020, when the pandemic hit the world, only a drop of 1.6 per cent was witnessed in the remittances.
 
HISTORY : In February 2015 the International Day of Family Remittances was unanimously proclaimed by all 176 members of the International Fund For Agricultural Development (IFAD). The day is globally recognised and is considered a key initiative in the Global Compact for Safe Orderly and Regular Migration, which urges the reduction of transfer costs and greater financial inclusion through remittances..

Source : News18

Published On : June 16, 2022
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