Ambassador Martin Selmayr at the 49th Session of the IFAD Governing Council (Rome, 9-13 February 2026)

At IFAD‘s Governing Council in Rome today, we had global remittances on the agenda - which may amount to EUR 4 trillion by 2030. If they are channelled well and with transfer costs brought down, remittances can be key tools of solidarity with migrant families which complement traditional aid by going directly to households, avoiding bureaucratic leakage and empowering recipients. This is why the European Union launched, together with IFAD, the Resilient Remit programme to link remittances and diaspora investment with savings, credit, insurance and other financial services. Remittances are often money earnt under very challenging circumstances. Let‘s turn them into instruments of hope that improve the real life of recipients. 

EUDEL