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Global Forum on Remittances, Investment and Development (GFRID) – Summit 2021 | Virtual

International Fund for Agricultural Development Jun 9, 2021
Global Forum on Remittances, Investment and Development (GFRID) – Summit 2021 | Virtual

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📅 16- 17 June 2021 
Virtual

IFAD will host the virtual Global Forum on Remittances, Investment, and Development (GFRID) – Summit 2021. The two-day forum will focus on the impact remittances can have on the sustainable development of migrants’ communities of origin, particularly in light of the COVID-19 crisis, and on digitization as a lever to promote financial inclusion for remittance families.

Recognized by the United Nations General Assembly, the GFRID is one of the key platforms aimed at building and strengthening partnerships towards innovative solutions for the cheaper, faster, and safer transfer of remittances, as well as diaspora impact investment mechanisms, with all relevant stakeholders.

The 2021 virtual Summit will focus on the role of remittances to strengthen market recovery amidst the current global pandemic and to improve the resilience of migrant workers and the communities where they live. In particular, the Summit will seek to share and analyze practical strategies and mechanisms related to the digital and financial inclusion of migrants and their families.

The Summit will see the observance of the UN-adopted International Day of Family Remittances (IDFR), in recognition of the tireless abnegation of over 200 million migrant workers who send money home for the wellbeing of their families in communities of origin, and who have demonstrated unprecedented resilience in these times of crisis.

Subsequently, the event will cover the key issues that have led the remittance and diaspora investment agenda over the last year, including:

  • The disruptions within the remittance industry and the role of the private sector in promoting greater digital and financial inclusion for remittance senders and receivers. A deep dive session will see the participation of leading experts who will address the impact of mobile remittances within the new digitalization trend.
  • How the current enabling environment could further support the remittance industry and leverage the impact of remittances towards recovery, resilience, and achievement of the Sustainable Development Goals (SDGs).
  • Mechanisms and strategic opportunities for diaspora engagement and impact investment, including the role of diaspora as agents of change for their countries of origin, addressing critical issues such as climate change.