GFRID 2021

Agenda

GFRID – AFRICA 2020-2030
Preliminary Agenda
Interpretation in english and french will be provided
  • 16 JUNE
  • 17 JUNE
  • 18 JUNE

Making remittances count more

The first day will focus on the current reality that one billion people sending or receiving remittances around the world face.

The morning will highlight the socioeconomic contributions of African migrant workers to their countries of origin through an overview of the building blocks of the remittance market at national, local and household levels.

In line with the Forum’s active engagement in the global migration and development agenda, the afternoon sessions will host some of the partners’ thematic and sectoral roundtables. These parallel events will be organized by key stakeholders involved in regulations and in implementing disruptive models currently pushing for competition and innovation in the remittance market.

Agenda structure

MORNING (plenaries)
  • GFRID opening and 2020 Chairmanship;
  • Migration and Development 2030: global agenda and regional commitments;
  • African remittance market review and prospects: RemitSCOPE Africa 2020.
AFTERNOON (parallel sessions)
  • African Central Banks and Ministries of Finance roundtable iGFRID: partners’ events and workshops;
  • International Day of Family Remittances 2020: outcomes and global awards;
    Reception.

The African remittance marketplace

Market strategies, technologies and innovative business models

The remittance markets in Africa are considered the cradle of some of the most innovative business solutions addressing person-to-person payments. While market intelligence remains weak, there is enough evidence to indicate that a large portion of informal remittances could be absorbed through the uptake of mobile money. Digitalization is expected to shift the market paradigms in the years to come, as it increasingly integrates the distribution of services along the remittance transfer value chain. In light of the above, Day 2 will deep dive into current and future disruptive technologies and related business models, as well as analyze their revolutionary potential and ways they can be mainstreamed further into remittance business operations. In parallel to the review of market trends, interactive panels will focus on the regulatory framework associated with current and new business models, and the need to maintain a sustained dialogue with accountable regulatory bodies. Interactive panels will be structured around a customer-centric approach towards identifying trends, capacity needs and opportunities that can benefit both remittance senders and recipients. In the afternoon of Day 2, the 2020 RemTECH Awards, organized by IMTC, will award the most innovative and outstanding technological solutions designed to improve remittance services worldwide.

Focus areas and topics

Enabling environment

Level playing field; Identication; Compliance; AML/CFT; De-risking trends; Interoperability; Taxation.

Business models and technologies

Informality; Identication; Mobile money; FinTech; Blockchain solutions; Transitioning from cash to digital; Remittance-linked financial services; Demand-side surveys.

Customer centricity

Demand-driven products; Financial and digital literacy; Data demand and usage; Socio-economic considerations.

Diaspora impact investment

Unleashing opportunities to invest back home

The first part of Day 3 will present a range of state-of-the-art investment vehicles and programmes set forth to tap into diaspora resources for investment back home. Diaspora capabilities and preferences to invest in their countries of origin are segmented according to their wealth, migration patterns and range. Banks currently provide the main conduit for migrants sending money home. However, African governments, along with impact investing funds and crowdfunding platforms, are recognizing the importance of diaspora resources by proposing financial products ranging from donations/philanthropy to financial engagement. The diaspora impact investment sessions will review existing and emerging government and private sector-led investment vehicles and discuss the challenges to reach out and cater to diverse diaspora profiles. Discussions will also focus on donor-led endeavours to blend diaspora resources with public or private resources in order to scale up impact towards the 2030 Agenda. [img] Filipino civil society representatives, GFRID 2018.

Focus areas and topics

Impact
Sustainable Development Goals; Financing gap; Rural development Infrastructure; Agriculture.
Vehicles
Bonds; Crowdfunding; Blended finance; Hybrid transnational investment models; Savings; Sustainable.
Enabling factors
Financial capability; Marketing and outreach; Regulation; Partnerships.

Remittances and development 2030: partnerships for success

  • The GFRID – Africa 2022 agenda setting 
  • Closing and gala dinner
GFRID – AFRICA 2020-2030
Organized by
Hosted by
In collaboration with
Funded by
GFRID – GLOBAL FORUM ON REMITTANCES, INVESTMENT AND DEVELoPMENT
Promoted by
in response to the
#familyremittances
Supporting one billion people
reach their own SDGs