Established in 2005, the Global Forum on Remittances, Investment and Development (GFRID) is a UN-led informal process aimed at bringing together stakeholders from around the world involved in the field of remittances, migration and development. The GFRID process culminates in the Summit, hosted biannually in different regions of the world, covering the most pressing issues of the remittance ecosystem with key actors from public and private sectors, and the civil society.
Since 2007, the GFRID process has been led by the International Fund for Agricultural Development (IFAD), a specialized agency of the United Nations, through its Financing Facility for Remittances (FFR).
Several partners contribute to the process, such as the African Development Bank, the African Union, the European Commission, Inter-American Development Bank, The World Bank and the United Nations Department for Economic and Social Affairs.
Today, the GFRID has become an internationally-recognized platform to discuss global remittance-related issues and share solutions to maximize the development impact of these vital flows. In 2018, the GFRID was included as one of the actionable tools for the implementation of objectives 19 and 20 of the Global Compact for Safe, Orderly and Regular Migration (GCM).
Within the context of the GFRID process, a series of virtual meetings – eGFRIDs– focus on dedicated aspects of the remittance market and diaspora investment and pave the way toward the Summits.
