The UN’s International Fund for Agricultural Development (IFAD) today announced the launch of RemitSCOPE, a free and interactive web platform providing essential data on global remittances, the hard-earned money sent home by migrant workers from developing countries.
As migration continues to increase worldwide due to the record number of active conflicts, economic instability, and climate change, RemitSCOPE.org seeks to improve access to digital remittances, reduce transfer costs and facilitate access to related financial products, aiming to improve the lives and livelihoods of vulnerable rural communities in low- and middle-income countries (LMICs).
In developing countries, the money sent home by relatives often serves as an economic lifeline for millions of families. RemitSCOPE.org focuses on these countries from the Global South, where access to finance remains a challenge, especially in rural areas where hunger and poverty remain deeply entrenched.
“Remittances not only help make ends meet, but they also cover essentials like education and healthcare while enabling investments in small businesses,” said Pedro de Vasconcelos, Manager of IFAD’s Financing Facility for Remittances. “This creates resilience to economic shocks and drives long-term economic growth,” he added.
