EU and IFAD Launch New Initiative to Strengthen Financial Inclusion by Boosting Digital Remittances in Central Asia

This week, in partnership with the European Union (EU), the International Fund for Agricultural Development (IFAD) launched  the Platform for Remittances, Investment and Migrants’ Entrepreneurship (PRIME) Central Asia Initiative in Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan, to maximize the socio-economic impact of remittances, the hard-earned money sent home by migrant workers.

"Remittances hold an enormous potential to boost local economies, particularly in rural areas. With the PRIME Central Asia Initiative, we support rural households and migrant returnees, contributing to local economic opportunities and sustainable development," said Marilyn Josefson, Ambassador of the European Union to the Kyrgyz Republic.