Global Compact for Safe Orderly and Regular Migration Current Affairs - 2019
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The International Day of Family Remittances (IDFR) is observed every year all across the world on 16 June. The day recognizes the contributions made by more than 200 million migrants towards improving the lives of their 800 million family members back home, and also to create a future of hope for their children.
About International Day of Family Remittances
Background: IDFR is a universally-recognized observance adopted by United Nations General Assembly’s (UNGA) resolution A/RES/72/281.
Objective: Through the observance of IDFR, the United Nations (UN) seeks to create greater awareness about impact remittances have on millions of households, as well as on communities, countries, and entire regions. IDFR also calls upon governments, private sector entities, and civil society, to find ways that can maximize impact of contributions made in form of remittances by individuals and collective actions.
Custodian: The custodian of IDFR towards these objectives is United Nations International Fund for Agricultural Development (IFAD).
IFAD supports #FamilyRemittances2030 Campaign, to allow all stakeholders to endorse the values day represents and to showcase their engagement.
Significance: IFDR furthers 2030 Agenda for Sustainable Development and Sustainable Development Goals (SDGs). The day is fully recognized at global level, as well as included as one of key initiatives to implement newly-adopted Global Compact for Safe, Orderly and Regular Migration (GSM), which also calls for financial inclusion through remittances, reduction of remittance transfer costs, and covering all dimensions of international migration in a holistic and comprehensive manner.
It is an specialized United Nations (UN) agency that was one of the major outcomes of World Food Conference 1974. Later in 1977, it was set up as an international financial institution.
It is based in Rome (Italy), which is considered to be UN’s food and agriculture hub.
Since 1978, IFAD have provided US$18.5 billion in grants and low-interest loans to projects that have reached to more than 464 million people.
What is Remittance?
It is a transfer of money, commonly by a foreign worker to an individual in their home country. The money sent home by migrants (working in foreign country) competes with international aid as one of the largest financial inflows to developing countries.
India is the world’s top recipient of remittances.
Tags: #FamilyRemittances2030 Campaign • 2030 Agenda for Sustainable Development • Global Compact for Safe Orderly and Regular Migration • IFAD • International Day of Family Remittances • nternational Fund for Agricultural Development • Sustainable Development Goals • UNGA resolution A/RES/72/281 • United Nations General Assembly • World Food Conference 1974
Global Compact for Safe, Orderly and Regular Migration adopted at UN Conference in Marrakesh, Morocco
Global Compact for Safe, Orderly and Regular Migration was adopted by 164 nations including India at Intergovermental Conference to adopt this compact held under auspices of United Nations General Assembly (UNGA) at Marrakesh, Morocco. It is first intergovernmental agreement to cover wide-ranging dimensions of international migration in holistic and comprehensive manner and agreed upon by all the UN member states minus United States.
Global Compact for Safe, Orderly and Regular Migration
It seeks to better manage migration at local, national, regional and global levels, in order to reduce the risks and vulnerabilities of migrants. It creates non-legally binding and co-operative framework that builds on commitments agreed upon by member states in New York Declaration for refugees and migrants of December 2016.
It lists four objectives. They are to
- Ease pressures on host countries
- Enhance refugee self-reliance
- Expand access to third country solutions
- Support conditions in countries of origin for return in safety and dignity
It sets out framework on how international cooperation on migration issues should work but does not oblige states to take concrete action. It sets out 23 objectives to deal issues ranging from factors that compel people to move, legal channels for migration, combating trafficking and smuggling, harness economic benefits of migration and return of the migrants.
Its intent to protect human rights of migrants, address root causes of migration, and combat negative myths surrounding migration. It acknowledges that migration is international issue that affects all member states and there is a need for more effective migration governance.
According to UN, there were 258 million international migrants in the world in 2017, increasing almost 50% since 2000. The number of migrants, representing 3.4% of world’s population, is increasing faster than global population, driven by economic prosperity, inequality, violence, conflict and climate change. Migrants worldwide account for 3% of the world’s entire population, but contribute 10% of the global gross domestic production (GDP). Migrants remittance is huge contributor to their home countries’ development. Around 80% of world’s migrants move between countries in safe and orderly fashion. But more than 60,000 people have died on the move since the year 2000. Besides in transit countries or the country of destination, racism, discrimination and human-rights violations are continuously reported. The process of developing compact was started in early 2017 as implementation of decision by UN member states as adopted New York Declaration for Refugees and Migrants in September 2016. UN member states’ another decision pledged in the declaration is to develop a Global Compact on Refugees.