About GFRID 2018

Since its inception over 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 migrant remittances to development. By bringing together Member States, international organizations, private sector and 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 Sustainable Development Goals (SDGs).

The GFRID 2018 Asia-Pacific will build on recommendations made during the GFRID 2017 in New York, and will highlight the latest findings and linkages between remittances and development in Asia-Pacific, particularly in the context of the 2030 Agenda for Sustainable Development, the Sustainable Development Goals (SDGs) and the process towards the adoption of the Global Compact for Migration.

Bank Negara Malaysia (the Central Bank of Malaysia) will host the GFRID 2018, in collaboration with the International Fund for Agricultural Development (IFAD) and the World Bank Group.

Main objectives

The GFRID 2018 intends to:

  • scale-up the debate initiated during the Global Forum on Remittances, held in Bangkok in 2013, of exploring the recent developments and discuss the latest challenges, opportunities and concrete innovations from the previous Forum, in light of the Global Compact on Migration;
  • update the stakeholders on findings and realities from recent initiatives in the region;
  • further engage the public sector and regulators in creating an enabling environment to boost the development impact of remittances, and bridging the private and public sectors as well as the civil society;
  • create a collaborative platform on remittances to provide solutions to existing challenges and share Malaysia’s experiences particularly in terms of regulation and supervision of the remittance industry; and
  • identify adapted and scalable models of intervention and partners to implement future operations, particularly in the fields of (i) rural finance and financial inclusion, and (ii) financing agriculture through diaspora investment.

Specific objectives

The Forum aims to:

  • highlight the contribution of migrant remittances and diaspora investment in Asia-Pacific to achieve the SDGs and their targets;
  • share good practices to leverage remittances for development in the Asia-Pacific marketplace, including through public-private partnerships;
  • identify measures to reduce the cost of remittances, through market competition, innovative business models and the use of modern technologies;
  • assess regulatory barriers and other constraints to lower remittance costs, promote diaspora investment and facilitate financial inclusion;
  • explore innovative financing solutions to unlock migrant investments;
  • highlight sustainable and innovative business models that expand current remittance markets and create synergies with other financial markets and products;
  • promote national development strategies that allow for scaling up successful business models and strategies involving migrant and diaspora contributions; and
  • provide concrete, actionable recommendations to leverage the potential of diaspora investment and migrant remittances towards the adoption of a Global Compact for Migration in 2018.

Outcomes

The GFRID 2018 Asia-Pacific would prompt the creation of a multi-stakeholder platform on remittances, investment and development, to build regional ownership, and to provide continuity to the previous achievements, with the ultimate goal of feeding the dialogue on remittances, investment and development from a regional perspective and upscale the past successful initiatives. Broadly, the GFRID 2018 Asia‑Pacific will have a future legacy and meaningful follow-up actions. The Forum will be replicated in other regions, whereby a GFRID with a regional focus will be organized every two years with the support of a local host.

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Agenda & Speakers

Private Sector Day - 8 May | Sasana Kijang, Kuala Lumpur

Adolfo Brizi

Adolfo Brizi

Director, Policy and Technical Advisory Division, International Fund for Agricultural Development (IFAD)

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Adolfo Brizi

Adolfo Brizi

Director, Policy and Technical Advisory Division, International Fund for Agricultural Development (IFAD)

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Adolfo Brizi

Adolfo Brizi

Director, Policy and Technical Advisory Division, International Fund for Agricultural Development (IFAD)

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Adolfo Brizi

Adolfo Brizi

Director, Policy and Technical Advisory Division, International Fund for Agricultural Development (IFAD)

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Adolfo Brizi

Adolfo Brizi

Director, Policy and Technical Advisory Division, International Fund for Agricultural Development (IFAD)

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Adolfo Brizi

Adolfo Brizi

Director, Policy and Technical Advisory Division, International Fund for Agricultural Development (IFAD)

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Public Sector Day - 9 May | Sasana Kijang, Kuala Lumpur

Jürgen Schulz

Deputy Permanent Representative of Germany to the United Nations

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Jürgen Schulz

Deputy Permanent Representative of Germany to the United Nations

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Jürgen Schulz

Deputy Permanent Representative of Germany to the United Nations

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Jürgen Schulz

Deputy Permanent Representative of Germany to the United Nations

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Jürgen Schulz

Deputy Permanent Representative of Germany to the United Nations

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Jürgen Schulz

Deputy Permanent Representative of Germany to the United Nations

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Side Events Day - 10 May | Sasana Kijang, Kuala Lumpur

Y. Sudhir Kumar Shetty

Executive Director and President, UAE Exchange

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Y. Sudhir Kumar Shetty

Executive Director and President, UAE Exchange

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Y. Sudhir Kumar Shetty

Executive Director and President, UAE Exchange

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Y. Sudhir Kumar Shetty

Executive Director and President, UAE Exchange

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Y. Sudhir Kumar Shetty

Executive Director and President, UAE Exchange

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Y. Sudhir Kumar Shetty

Executive Director and President, UAE Exchange

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Multimedia

  • Photos
  • Videos

Media

Jessica Thomas

Jessica Thomas

Tel: +390654592215

Registration

Participation in the GFRID 2018 is free of charge and by invitation only. Invitaions to register will officially open on 22 January, 2018.

Practical Information

Venue

venue

The GFRID 2018 will take place in Kuala Lumpur (Malaysia) at Sasana Kijang, a centre of knowledge and learning excellence established by Bank Negara Malaysia in 2011.

The centre represents the Bank’s continuous drive for talent development through effective learning initiatives, as well as creating a conducive environment to promote best practices in central banking.

Sasana Kijang also hosts the Bank’s regional and international strategic partners, namely the South East Asian Central Banks Research and Training Centre, Islamic Financial Services Board, and Alliance for Financial Inclusion. The World Bank commenced operations at Sasana Kijang in March 2016, and the Asia School of Business is temporarily located here pending the completion of its campus development.

The centre’s modern facilities provide an opportunity for learning, research and engaging in discourse with full conference facilities, including a main auditorium, and meeting and conference rooms.

For further information

Sasana Kijang – 2, Jalan Dato’ Onn 50480 Kuala Lumpur, Malaysia Tel: 03-9179 2888 | E-mail: [email protected]

Getting to Sasana Kijang

By Rail: KTM Komuter: 10 minute walk from the Bank Negara Komuter station (KA03) RapidKL LRT: 15 minute walk from the Bandaraya station (ST6 – Ampang Line).

By Car: Ample parking on LG4 and LG5, with a special area allocated for buses in the open parking area. A flat rate parking fee of RM5.00 per entry.

Metered taxi, Uber and Grab are widely available in Kuala Lumpur.

Visa

For all visa requirements, please visit: https://goo.gl/K5dnZA

Kindly note that the Forum organizers are not responsible for visa issuance.

Accommodation

The Forum organizers strongly recommend to secure your accommodation as soon as possible. A number of options will be provided on the GFRID 2018 webpage from January onward.

All participants are responsible for arranging their own accommodation.

For detailed information on tourism in Malaysia, please visit: https://visitmalaysiavmy.wixsite.com/visitmalaysia

Organizers