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<p>The UK has launched, along with Switzerland and with support from the World Bank
and UN agencies, a global Call to Action on remittances, which calls on policymakers,
regulators and remittance service providers round the world to take action to ensure
that diaspora communities can continue to transfer money to their relatives during
the crisis.</p><p>This Call to Action specifically calls on remittance service providers
to explore measures such as reducing remittance transaction costs. We are committed
to achieving the Sustainable Development Goals target of reducing the global average
costs of remittances to 3% by 2030, from the current level of around 6.8%.</p><p>The
World Bank is conducting regular surveys of remittance costs in a number of corridors
during the crisis. These surveys show that for most of the corridors surveyed that
start in the UK, remittance costs are lower now than before the crisis.</p>
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