Medha IAS

16 June: International Day of Family Remittances


The International Day of Family Remittances (IDFR) is observed on 16 June.

  • This year’s theme for the observance is “Recovery and resilience through digital and financial inclusion”.
  • The IDFR recognizes more than 200 million migrant workers, women and men, who send money home to over 800 million family members.
  • This day highlights the great resilience of migrant workers in the face of economic insecurities, natural and climate related disasters and a global pandemic.
  • The IDFR is now globally recognized and is a key initiative in the Global Compact for Safe, Orderly and Regular Migration (Objective 20), which urges the reduction of transfer costs and greater financial inclusion through remittances.
  • Remittances, or “cross-border person-to-person payments of relatively small value,” serve as a vital lifeline to the developing world.
  • These resources prove transformational for both households and local communities, enabling many families to achieve their ‘own SDGs.’