Remittances (Diaspora Financing)

Private transfers from a migrant worker (i.e. a worker living in a foreign country for one year or longer) to a recipient in his/her country of origin. When remittances are not used for immediate consumption needs, they can be saved and invested to the benefit of the local economy of the worker’s country of origin. 

focal points

UNDP Staff Only: Once you identify your SDG Financing expert, please place a request for his/her services through your CO corporate planning system (IWP platform) under the ‘Service Requested’ section. Please be sure to indicate the name of the financing expert on the service request page (‘Summary of Service Expected’ box) in order to facilitate assignment.