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.
Current RCTF members are as follows:
Development cooperation agencies
Spanish Agency for International Development Cooperation – AECID
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: