Remittances in Crisis: How to Keep them Flowing
On behalf of the Governments of the United Kingdom and Switzerland, an anniversary event of the Call to Action “Remittances in Crisis: How to Keep them Flowing” was organised on Friday, 25 June 2021, from 3:00 – 4:30 pm CEST / 9:00 – 10:30 am EST.
The Call to Action created an awareness about the critical importance of remittances for the achievement of the Sustainable Development Goals. To date, 31 Governments and 16 organizations from the multilateral system, industry associations, and civil society have joined the coalition in support of the Call to Action.
This high-level event on June 25 provided an opportunity to discuss the remittance trends during the pandemic and identify effective measures taken and progress made to mitigate the negative impact of COVID-19 on remittances.
At the anniversary event, the United Kingdom and Switzerland proposed the continuation of the Call to Action to offer a space to take joint action in addressing the persistent challenges in the remittance market and pursue the opportunities the crisis has created in this regard.