EU and IFAD launch new initiative to strengthen financial inclusion by boosting digital remittances in Central Asia

Today, 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…