Remittances Global Processes and Networks

The GFRID allows cross-sector stakeholders to share experiences, expertise and to continuously feed the ongoing debate on the importance of remittances for sustainable development. In response to global commitments such as the Sustainable Development Goals (SDG 10.c in particular, on lowering the cost of remittance transactions to 3 per cent), the 2030 Agenda for Sustainable Development and the Global Compact for Safe, Orderly and Regular Migration, the GFRID is highly involved in contributing to global networks by providing solutions, examples and roadmaps for implementation.

Civil society
Private sector
Public sector

News about Global Networks

In evidence
Jan 11, 2023
As the first G20 Global Partnership for Financial Inclusion (GPFI) meeting is set to kick...
Asia
|Remittance families and development
Nov 11, 2022
In 2020, formal remittance transfers alone accounted for 5.7 per cent of Mali’s GDP....
Africa
|Diaspora engagement+ Remittance families and development
In evidence
Nov 11, 2022
The Ethiopia diagnostic provides an assessment of the country’s remittance market. The diagnostic is a working document...
Africa
|Market insights+ Remittance families and development

Events about Global Network

online
December 1, 2022 – 9:00 am
 (EST)
­The International Fund for Agricultural Development (IFAD) and the Office of the...
online
December 2, 2022 – 1:00 pm
 (GMT)
Ce webinaire virtuel du Forum mondial sur les envois de fonds, l’investissement...
online
December 2, 2022 – 1:00 pm
 (GMT)
This virtual Global Forum on Remittances, Investment and Development (eGFRID) webinar, hosted...

National Networks

The GFRID national networks provide a learning platform for country-specific remittance stakeholders to connect, learn, discuss and recommend actions to make remittances accessible, affordable and to count more.

Main global networks that GFRID is a part of are:

The Remittance Community Task Force (RCTF) was launched by IFAD, through its Financing Facility for Remittances (FFR) in  March 2020, in response to the call by the UN Secretary-General for global solidarity within the COVID-19 pandemic.

This hub is a virtual “meeting space” for governments, stakeholders and experts to access and share migration-related information and services. Its key features promote interactive knowledge sharing and learning in support of strengthened GCM implementation.

The Global Partnership for Financial Inclusion is an inclusive platform for all G20 countries, interested non-G20 countries and relevant stakeholders to carry forward work on financial inclusion, including the implementation of the G20 Financial Inclusion Action Plan.

The Global Forum on Migration and Development is a state-led, informal process, which helps shape the global debate on migration and development. Every year, the GFMD has a rotating chairmanship and focuses on different priorities, in response to the global agenda on remittances and migrants’ contribution to development.

Additionally, the GFRID supports the private sector by partnering with the International Association of Money Transfer Networks (IAMTN), GSMA – the global association of Mobile Network Operators – and the International Money Transfer Conferences, among others.

Civil Society

The GFRID works closely with civil society leaders representing migrants and their families, to ensure favourable policy dialogue and appropriate implementation strategies are in place to meet their needs and provide them with diverisified financial options to achieve their own SDGs.

Show Organizations

The private sector brings to the GFRID its innovative business models, and its adaptability to shape tailored financial products for migrants and their families. The private sector also works closely works with the public sector to address challenges and opportunities of the remittance market.

The GFRID brings together public sector actors to facilitate a more enabling environment towards remittance access and use, and to involve the diaspora in investing back home.