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First global map of remittances: how much money are migrants sending home

WHAT:  News conference on global remittances flows

WHERE:  National Press Club, Washington, DC

WHEN:  Wednesday, October 17, 12:30 PM

WHO:  Kevin Cleaver, IFAD, and Donald Terry, IDB

The International Fund for Agricultural Development (IFAD) and the Inter-American Development Bank (IDB) will hold a news conference on Wednesday, October 17 in Washington, DC to present the first-ever global map of migrant remittance flows.

The map is based on a new study, Sending Money Home: Worldwide Remittances to Developing Countries, conducted by the Rome-based IFAD and the Washington-based IDB. The study shows that the total amount of money sent by migrant workers in rich countries such as the United States to their homelands is much higher than previously estimated.

The news conference will be held at 12:30 PM at the National Press Club (529 14th Street, NW, 13th floor, Zenger Room). The map and the study will be presented by IFAD Assistant President Kevin Cleaver and Donald F. Terry, general manager of the IDB’s Multilateral Investment Fund.

IFAD, a specialized United Nations agency, is an international financial institution dedicated to eradicating poverty and hunger in rural areas of developing countries.

The IDB’s Multilateral Investment Fund, which promotes microfinance and small business development in Latin America and the Caribbean, has been studying remittance flows since 2000.

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