On 19 March 2020, the Secretary-General of the United Nations called for an urgent and coordinated response from the international community to address the COVID-19 pandemic. Five days later, the Remittance Community Task Force (RCTF) was launched by co-organizers of the Global Forum on Remittances, Investment and Development (GFRID) 2020: the International Fund for Agricultural Development (IFAD), the African Union, and the World Bank Group.
To date, 40 organizations have joined the RCTF, including international organizations, intergovernmental bodies, industry and private sector groups, diaspora networks, and international experts on remittances. The RCTF also includes a reference group of government representatives and national development agencies.
After due observation and current assessment of the impact of COVID-19 in the remittance market, the RCTF developed this final Blueprint for Action that contains concrete measures, actions and relevant examples deemed useful for spurring the recovery and the resilience of one billion people involved in remittances in the post-COVID-19 economic environment. These include 200 million migrant workers – half of them women – and 800 million of their family members in low and middle-income countries (LMICs) who rely on remittances. Guidance on implementable policy options is proposed for immediate action as well as for the next 6 to 12 months, as appropriate to national priorities and needs.