International Day of Family Remittances is celebrated on 16th June 2019 all over the world.
International Day of Family Remittances aims to recognize the contribution of migrant workers to their families and communities back home, and to the sustainable development of their native countries.
International Day of Family Remittance was declared on 16 June by International Fund for Agricultural Development (IFAD's) in the year 2015 (February).
International Day of Family Remittances first was celebrated on 16 June 2015.
International Fund for Agricultural Development (IFAD's) helps about one in nine people globally by its funds sent to their homes by migrant workers.
Family remittances are money transfers made by people living abroad to family members in their home country. These transfers have an enormous impact in developing countries as one of the largest financial inflows, competing only with international aid.