United Nations “Reduce Remittance and Remittance Fees” Support for Migrant Workers and Families June 17, 9:12
The Secretary-General of the United Nations, Secretary-General Guterres, is suffering from the economic downturn associated with the spread of the new coronavirus, which has greatly affected workers migrating abroad from developing countries and the like, and families who depend on remittances have fallen into poverty. We have called on governments and financial institutions to reduce the fees for remittance.
According to a statement released by Secretary-General Guterres on the 16th, 200 million people around the world are working abroad as migrant workers, and 800 million people living in developing countries depend on their remittances. According to Shishi, a large number of migrant workers lost their jobs due to the economic downturn associated with the new coronavirus.
As a result, he pointed out that the total amount of remittance sent by the world is expected to decrease by 20% compared to last year, about 110 billion dollars, and the Japanese yen will be reduced by 1.17 trillion yen.
On top of that, we will lower the fees for remittances to governments and financial institutions as "calling the relevant agencies in each country to take measures to reduce remittance remittance fees and to provide economic support to foreign workers and their families." I asked.
The UN estimates that remittance fees cost an average of 7% of remittances and calls on the international community to reduce it to less than 3% by 2030, saying it is a heavy burden for workers working abroad.