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Call to Action: Remittances in Crisis: How to Keep Them Flowing

Knowledge Platform

As the world went into lockdown mode in Spring 2020, the worldwide flow of remittances decreased abruptly and dramatically. The Global Call to Action is a multi-stakeholder effort, and a Member State-led initiative calling on policymakers, regulators, and remittance service providers (RSPs) to improve migrants’ access to sending and receiving remittances, and to reduce transfer costs during the ongoing pandemic. Spearheaded by the Governments of Switzerland and the United Kingdom, the call to action – Remittances in Crisis – How to Keep Them Flowing issued on 22 May – is supported by the World Bank, the United Nations Capital Development Fund (UNCDF), UNDP, the International Organization for Migration (IOM), the International Association of Money Transfer Networks (IAMTN) and the International Chamber of Commerce (ICC).   

Date of Publication
Type of Resource
Link
Target Audience
Government
Intergovernmental Organization
Private Sector
Source / Publisher
World Bank Group
KNOMAD
Language
English
Geographic Scope
Global
Workstream Output
No
Regional Review Process
No
GCM Objectives
Cross Cutting Theme
International cooperation
Sustainable development
SDGs
SDG.1 - No Poverty
SDG.3 - Good Health And Well-Being
SDG.4 - Quality Education
SDG.5 - Gender Equality
SDG.8 - Decent Work And Economic Growth
SDG.10 - Reduced Inequalities
SDG.13 - Climate Action
SDG.17 - Partnerships For The Goals
Keywords
Remittances
Status
Published

*References to Kosovo shall be understood to be in the context of United Nations Security Council resolution 1244 (1999).