Since its inception ten years ago, the Global Forum on Remittances, Investment and Development (GFRID) has served as a platform to raise awareness, facilitate dialogue and promote collaboration on the contribution of family remittances to development. By bringing together Member States, international organizations, and relevant organizations from the private sector and the civil society, the Forum allows stakeholders to showcase good practices and build partnerships to leverage the role of remittances in countries and communities of origin towards achieving the 2030 Agenda for Sustainable Development, including the Sustainable Development Goals (SDGs).
The 2017 Forum, while building on these previous experiences, also highlighted the role of diasporas as investors, especially in rural areas in countries of origin. The event gave the opportunity to discuss the linkages between displaced populations, host communities and development.
The GFRID is an initiative of IFAD, a specialized agency of the United Nations and IFI working to eradicate rural poverty and promote rural development through innovative investment mechanisms, including remittances. The 2017 Forum was co-organized by the Population Division and the Financing for Development Office of the United Nations Department of Economic and Social Affairs (UN-DESA) and the Finance and Markets Global Practice of the World Bank. Partners from the private sector included the International Association of Money Transfer Networks (IAMTN), GSMA, International Money Transfer Conferences (IMTC), the World Savings and Retail Banking Institution and the Microfinance Gateway.