The Remittance Community Task Force

#FamilyRemittances

The Remittance Community Task Force (RCTF) was launched by IFAD, through its Financing Facility for Remittances (FFR), on 24 March 2020, in response to the call by the UN Secretary General for global solidarity. In that call, the Secretary General noted that “remittances are a lifeline in the developing world”. 

The priority of this Task Force is to develop a coordinated and concerted effort to raise awareness of the impact of the COVID-19 pandemic on the ONE BILLION people on earth directly involved in remittances

To date, over 38 organizations have joined the RCTF, including international organizations, inter-governmental bodies, industry and private sector groups, networks of diaspora organizations and international experts on remittances. This Task Force also includes a large reference group comprised of government representatives and national development agencies.

National remittances task forces (NRTF) were also launched in April in The Gambia, Ghana and Senegal.  They saw the participation of more than  100 members from all sectors in the three countries. While seeking to have a national perspective on the impact of the crisis, the NRTFs are bringing in the expertise of the RCTF to identify key actions addressing their national realities.

Members

Current RCTF members are as follows:

Development cooperation agencies

  • Spanish Agency for International Development Cooperation – AECID
  • French Development Agency – AFD
  • Italian Agency for Cooperation and Development – AICS
  • German Corporation for International Cooperation – GIZ
  • UK’s Department for International Development – DFID 

Diaspora organizations:

  •  Africa-Europe Diaspora Development Platform – ADEPT
  •  Network of European Diaspora organizations – ADNE

Inter-governmental organizations:

  •  African Union (AU), African Institute for Remittances – AIR
  •  Financial Action Task Force – FATF

International organizations:

  •  Making Finance Work for Africa – MFW4A
  •  International Fund for Agricultural Development – IFAD, Financing Facility for Remittances FFR
  •  International Organization for Migration – IOM
  • United Nations Capital Development Fund – UNCDF
  •  United Nations Economic and Social Commission for Western Asia – UN ESCWA
  • United Nations Entity for Gender Equality and the Empowerment of Women – UN Women
  • Universal Postal Union – UPU
  • World Bank Group – WB

Private sector entities:

  •  Azimo
  •  Global System for Mobile Communications GSMA
  •  Hello Paisa
  •   International Association of Money Transfer Network IAMTN
  •   International Money Transfer, Remittances & Cross-Border Payments Conferences IMTC
  •   NOVI 
  •   TransferWise
  •   WorldRemit
  •   World Savings and Retail Banking Institute – WSBI
  •   Western Union – WU

Research organizations: 

  •   Centro de Estudios Migratorios Latinoamericanos- CEMLA
  •   Centre for Studies in International Politics – CeSPI
  •   Centre for Financial Regulation and Inclusion – CENFRI
  •   Developing Markets Association Ltd – DMA
  •   FinMark Trust – FMT
  •   Inter-American Dialogue – The Dialogue
  •   Red Mangrove Development Advisors – RMDA
The members of the RCTF reference group which were consulted are:
  • Spanish Agency for International Development Cooperation – AECID
  • French Development Agency – AFD
  • Italian Agency for Cooperation and Development – AICS
  • German Corporation for International Cooperation – GIZ
  • UK’s Department for International Development – DFID 
  • European Commission’s Department for International Cooperation and Development – DEVCO
  •  European Commission’s Directorate-General for Economic and Financial Affairs – ECFIN
  • European Commission’s Directorate-General for Financial Stability, Financial Services and Capital Markets Union – FISMA
 

Briefs and Must-read

The Remittance Community Task Force is providing regular updated information concerning the challenges facing remittance families during the COVID-19 crisis through its Briefs and Must Read, which are listed below:

Briefs

Must-read

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