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Despite fuelling the international support system driven by remittances, millions of migrants and their families have been left out of the financial mainstream. MIF projects seek to leverage the development impact of these flows to the region by making money transfers cheaper and safer and putting formal banking services within reach of those sending and receiving remittances. This is especially important in underserved rural areas that receive the bulk of remittances, where a joint program with MIF and the International Fund for Agricultural Development (IFAD) focuses its efforts.

2009 Call for Proposals: Financing Facility for Remittances