The International Remittances Conference in Rome is one of the more immediate and tangible ways in which Italy has followed up on the L’Aquila Summit in this area with the aim of achieving the “5x5” target, in other words, halving the cost of sending remittances from 10% to 5% over five years.
Attending the conference will be representatives of the G8 member countries, central banks, money transfer operators, the main banks operating in the field of remittances and others involved in that field, the CNEL (Italian National Economic and Labour Council) and the trade unions. The talks will also be attended by representatives of the Foreign Ministry, the G8 Sherpa's Office acting under the aegis of the Prime Minister's Office, the Economy Ministry, the Bank of Italy, the ABI (Italian Banks' Association) and CeSPI (Centre for International Political Studies). An Italian website devoted to the cost of remittances,developed by the CeSPI and by the International Organization for Migration, will be presented in the course of the conference.