Colombo Process submitted a statement on Remittances to the Global Compact for Safe, Orderly and Regular Migration Thematic Session 4 “Contributions of migrants” in New YorkTuesday, 25 July 2017
Colombo Process under the leadership of the Chair of the Thematic Area Working Group (TAWG) on Remittances, Pakistan, has submitted a statement to the Global Compact for Safe, Orderly and Regular Migration (GCM) Thematic Session 4 “Contributions of migrants and diasporas to all dimensions of sustainable development, including remittances and portability of earned benefits”.
The meeting was held at the United Nations (UN) Headquarters in New York on 24-25 July 2017. The statement, which sets forth 10 suggestions related to remittances, was delivered by Dr. Illa Mainali, First Secretary of the Permanent Mission of Nepal to the United Nations as Chair of the Colombo Process.
The statement, which was drafted by the TAWG Chair in line with the Colombo Process objectives and the TAWG goals, was tabled for discussion at the Third TAWG Meeting on Remittances, which was convened on 11 July 2017. The meeting, which was chaired by Mr. Manzoor Ahmad Kayani, Joint Secretary, Ministry of Overseas Pakistanis and Human Resource Development, Government of Pakistan, was participated by the officials of the TAWG and Colombo Process Member States, and representatives from the Swiss Agency for Development and Cooperation (SDC), the International Fund for Agricultural Development (IFAD), the International Labour Organization (ILO) and the International Organization for Migration (IOM). Rich discussions took place on the draft statement, and the statement was finalized by incorporating inputs and feedback from the meeting participants. The 10 suggestions cover issues related to the recognition of contributions of migrant workers and their families to sustainable development, lowering costs of remittance transfers, promoting the use of formal remittance channels, and promoting better utilization of remittances through financial literacy and remittances-linked services. The full statement is downloadable from the link below.
The New York Declaration for Refugees and Migrants, which was adopted by Member States of the UN on 16 September 2016, initiated a process of intergovernmental consultations and negotiations to develop a GCM. Guided by the 2030 Agenda for Sustainable Development, the GCM is envisaged to contribute to global governance and enhanced cooperation on migrants and human mobility. The importance of promoting faster, cheaper and safer remittances was recognised in the New York Declaration. The Colombo Process, which focuses on “Remittances” as one of its current thematic priorities, took the opportunity and provided its inputs for the GCM thematic consultation with a view to contributing to maximizing the benefits of migration.