The International Fund for Agricultural Development (IFAD) is pleased to announce the upcoming Global Forum on Remittances, Investment and Development (GFRID) – Summit 2021, that will take place virtually on 16 and 17 June 2021 on the occasion of the International Day of Family Remittances (IDFR).
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 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 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 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 addressthe impact of mobile remittances within the new digitalization trend.
- How the current enabling environment could further support the remittance industry and to 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.