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Add to Preferred SourcesEach year, billions of dollars in remittances are sent by migrants to their families in the Asia-Pacific Region. And while this money provides a lifeline for families who use it to cover basic needs and invest in their future, it also has a tremendous economic impact on the region more broadly.
Driven by the sheer volume of remittances as well as digital innovations, remittance markets in the region have been fast-evolving over the last few years. At the same time, there has been greater awareness of the significant social and economic contribution migrant workers and diasporas make towards development.
A unique event, the three-day Global Forum on Remittances, Investment and Development (GFRID) for the Asia Pacific region will bring together more than 300 policy-makers, private-sector market players and civil-society leaders from all over the world between May 8-10th.
Together they will explore winning strategies to leverage the development impact of remittances, in particular through more efficient remittance markets and services, better financial inclusion and meaningful diaspora investments.
The forum is organized by Bank Negara Malaysia (the Central Bank of Malaysia), the International Fund for Agricultural Development (IFAD) and the World Bank Group. Bank Negara Malaysia is the Forum host.
Discussions will feed into the ongoing national, regional and global efforts to reach the Sustainable Development Goals (SDGs), as well as the ongoing negotiations towards a UN Global Compact for Safe, Orderly and Regular Migration.
Original source: IFAD
Published on 3 May 2018