On 15 and 16 June 2017, on the occasion of the International Day of Family Remittances, over 350 practitioners from the public and private sectors gathered at the United Nations headquarters in New York for the fifth Global Forum on Remittances, Investment and Development (GFRID). The participants had the opportunity to discuss challenges and opportunities in the remittance market, and present innovative approaches and successful business models, framing the discussions around the role of migrant remittances and investment towards achieving the Sustainable Development Goals (SGDs) by 2030.
The Forum outcomes have contributed to the negotiations towards the adoption of the Global Compact for Safe, Orderly and Regular Migration, which occurred in the dedicated intergovernmental conference held in Marrakech in December 2018.
The 2017 Forum, while building on its previous experiences, and evidence from successful initiatives on the ground, 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 2017 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 Group. 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.