What was the theme for the ‘International Day of Family Remittances’ in 2020?
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Answer: B. Remittances are a lifeline
Explanation
The International Day of Family Remittances highlights the vital financial support migrant workers send home. The selected theme for the 2020 commemoration was Remittances are a lifeline. This message emphasized how crucial these monetary transfers became for families during the global pandemic. Family remittances represent billions of dollars in financial flows from developed nations to developing economies. The United Nations General Assembly officially recognized this day to honor the sacrifices of international migrants. Financial resilience in rural households often depends entirely on regular money transfers from working relatives abroad.
Economic disruptions during global crises made remittance flows even more critical for basic household survival. Governments and financial institutions work to reduce transfer fees so that families receive a greater share of funds. International awareness campaigns promote financial inclusion for migrant workers living far away from their home countries. Cities, Communities and Countries is incorrect because it refers to a different UN urban development theme. Family Remittance matters is wrong as it is a casual phrasing rather than the official campaign slogan. Household economies is incorrect because the exact theme chosen was Remittances are a lifeline.
- Subject
- Current Affairs
- Category
- World Current Affairs
- Topic
- —
- Difficulty
- medium
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