GFRID Summit 2023

Global Forum on
Remittances, Investment
and Development

United Nations – Nairobi, Kenya

In collaboration with

Welcome to the 2023 GFRID Summit

Promoted by the United Nations as a platform to engage all sectors, GFRID 2023 will explore opportunities and challenges in the post-pandemic landscape, with a major focus on main remittance corridors and diaspora investment innovations in Africa.

As for every summit, the GFRID Summit 2023 will facilitate networking among sectors, as well as the exchange of best practices and the creation of synergies towards joint, innovative initiatives aimed at unleashing the power of remittances and diaspora investment towards sustainable development.

Main objectives

Around 500 participants are expected to attend, both from the region and globally.
With its unique and inclusive format, the GFRID Summit 2023 aims at:

Creating a process for continuous engagement among key African and global public and private sector representatives, as well as the civil society.

Promoting both African and global best practices to reduce the cost of remittances, while fostering financial inclusion through market competition, innovative business models and the use of disruptive technologies.

Developing multi-stakeholder strategies and partnerships to scale up successful financial vehicles involving migrant/diaspora contributions, through investment and entrepreneurship.

Contributing to global processes on remittances, investment and development, such as the SDGs achievement and implementation of the Global Compact on Migration.

Sectors and representation

The African context

Remittances and diaspora investment represent a significant financial inflow for African markets, and a vital source of income for millions of individuals and families. Reliable data is still unavailable for several countries, where informality is still predominant. However, it is estimated that remittances to several African countries are equal to a high share of their GDP. The diaspora members have US$500 billion in accumulated savings. To allow the diaspora to invest safely, conditions need to be put in place to enable safe and impactful investments.