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Helping remittances reach rural areas in Moldova

Money sent from friends and family from abroad otherwise known as Remittances, make a huge difference to the lives of millions of rural people around the world. In Moldova the country receives more remittances than any other country in Europe. For lavender farmers like Valeriu 2020 was tough. A lack of customers and a drop in remittances severely affected his business, and he had to turn to Saving's and Credit Associations or SCA's to help him get by. The International Fund for Agricultural Development or IFAD supports the work of SCA's across Moldova and in many other countries around the world.

Date of Publication
Author
IFAD
Language
Other Language
Geographic Scope
Country
Republic of Moldova
Workstream Output
Off
Regional Review Process
No
SDGs
SDG.10 - Reduced Inequalities
SDG Indicators
Indicator 10.c.1
Keywords
COVID-19 and migration
Diasporas
Economics facilitating migration
Migration and Development
Remittances
Root causes of migration
Tags
remittances
migration
moldova
diaspora
rural areas
agriculture
Status
Published

Helping remittances reach rural areas in Moldova

Money sent from friends and family from abroad otherwise known as Remittances, make a huge difference to the lives of millions of rural people around the world. In Moldova the country receives more remittances than any other country in Europe. For lavender farmers like Valeriu 2020 was tough. A lack of customers and a drop in remittances severely affected his business, and he had to turn to Saving's and Credit Associations or SCA's to help him get by. The International Fund for Agricultural Development or IFAD supports the work of SCA's across Moldova and in many other countries around the world.


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