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The Centre for the Study of Global Human Movement

GCM Commentary: Objective 20: Promote faster, safer and cheaper transfer of remittances and foster financial inclusion of migrants

Blog post written by Dr Tugba Basaran (University of Cambridge) and Professor Nicola Piper (University of Sydney) and forms part of a series of blog posts analysing the final draft (objective by objective) of the UN’s Global Compact for Safe, Orderly and Regular Migration.

Objective 20 commits in its title to work toward “faster, safer and cheaper remittances” and “financial inclusion of migrants and their families”. It endorses SDG target 10.c, that stipulates that by 2030 countries are to “reduce to less than 3 per cent the transaction costs of migrant remittances and eliminate remittance corridors with costs higher than 5 per cent”.


Full blog post here



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