The lecture focuses on the impact of remittances on the development and rural security, leveraging it by breaking the remittance cycle with savings mobilization, asset building, income opportunities and job creation. It explains the International Fund for Agricultural Development’s dual approach and activities especially in rural areas to maximize the development impact of migrants’ and diasporas contributions, including the multi-donor programme Financing Facility for Remittances. The lecture also outlines how remittances contribute to UN’s Sustainable Development Goals and which challenges migrants and remittance service providers have faced during the pandemic.
This lecture was part of the 8th EMN Educational Seminar on Migration entitled „Migration in a Multilateral world“. The Seminar is organised by the International Organization for Migration Slovakia as the coordinator of the Slovak EMN National Contact Point. This activity is funded by the European Union and co-funded by the Ministry of Interior of the Slovak Republic.