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International Day of Action for Remittance Reform

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Published on Wednesday, 22 July 2009 21:21


ACORN Canada Members will be holding protests in 4 cities across Canada in a coordinated day of protest with allies in 7 other countries calling for reform of the global remittance system.

The major players in the Global Remittance market like MoneyGram, Western Union, Scotia Bank, HSBC and others charge excessively high rates that hurt immigrant families here in Canada and keep much needed resources out of the developing world.

Click here to sign the Remittance Reform Pledge to support the campaign and receive updates about the campaign.

Quick Facts about Remittances:

 

• According the World Bank, global remittance flows totaled $398 billion in 2008, with $305 billion USD heading to the developing world.

• Remittances Have a Huge Impact On Developing Countries and the Global Economy.

• The money sent home by migrants is the second largest financial in-flow to many developing countries, exceeding international aid.

Click here to sign the pledge

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ACORN Canada is an independent national organization of low and moderate income families.

With 40,000+ members organized into 20+ neighbourhood chapters in 7 cities across Canada we've been organizing to win a Canada where low and moderate income families have their voices heard and their power felt since 2004.

We believe that transforming the conditions that adversely affect millions of Canadians can best be achieved with a national active membership who are deeply invested in their organization and focused on lasting socio-economic change.

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