Global Forum on Remittances, Investment and Development (GFRID)
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Global Forum on Remittances
The Global Forum on Remittances, Investment and Development (GFRID) brings together key decision makers, stakeholders and practitioners who are engaged in the field of remittances and migration for development.
Since its first forum in 2007, IFAD has gathered over 1,000 participants from the public and private sector, and the civil society, to facilitate the creation of partnerships and the exchange of best practices in maximizing the impact of remittances to the benefit of migrants' communities of origin. In doing so, IFAD partners with key international financial institutions and other prominent organizations, such as the European Commission (2015) and the United Nations Department of Economic and Social Affairs (2017).
The forum is held biannually, in conjunction with the observance of the International Day of Family Remittances (IDFR) on 16 June.
Acknowledged by former UN Secretary General Ban Ki-moon, and included as one of the actionable tools to implement the Global Compact for Safe, Orderly and Regular Migration, the GFRID is now seen as a key instrument to raise awareness and promote models and mechanisms aimed at leveraging the impact of migration and remittances for sustainable development.
The event contributes to the global governance and enhanced coordination of remittances and migrant investment, pursuing efforts to significantly decrease transfer costs, maximize their impact, and ultimately contribute to achieving the Sustainable Development Goals.