Ahead of the International Day of Family Remittances, which falls on June 16 annually, the United Nations Secretary-General Antonio Guterres on June 14, has appealed for “people everywhere” to support migrants as the World Bank projected that in the wake of the coronavirus pandemic, remittances will fall by about 20 percent amounting to about 100 billion U.S. dollars, causing hunger, lost schooling and deteriorating health, for tens of millions of families.
The International Day of Family Remittances is a universally recognized observance adopted by the UN General Assembly and the day recognizes the contribution of over 200 million migrants to improve the lives of their 800 million family members back home, and to create a future of hope for their children.
Per the estimates of the World Bank, the migrants sent a record 554 billion dollars back home in 2019. The World Bank doubts the figure to face a sharp decline in the year 2020 as the coronavirus pandemic has resulted in the loss of jobs of millions of migrants, pushing dependent families below the poverty line.
The World Bank estimates that in April, the economic crisis brought about by the COVID-19 pandemic and resulting shutdown, would cause the “sharpest decline in remittances in recent history”, and projected a fall of 19.7 percent.
The UN Chief calls to support the migrants in the looming danger ahead.