Knowledge

This Guidebook compiles the lessons learned from the implementation of the IFAD-funded Remittances and Diaspora Investment for Rural Development (2014-2018).

This report presents the highlights and key outcomes of the first country-led Global Forum on Remittances, Investment and Development, hosted by Bank Negara Malaysia in collaboration with IFAD and the World Bank Group.

A set of specific priorities and actionable outcomes resulted from the GFRID 2018. These are directly linked to the 2030 Agenda for Sustainable Development and its Sustainable Development Goals (SDGs), and the Global Compact for Safe, Orderly and Regular Migration. 

On 12 June 2018, the United Nations General Assembly formally adopted the International Day of Family Remittances as a universally recognized observance. New partners and supporters from private and civil society sectors have endorsed the Day 2018.

The African Postal Financial Services Initiative (APFSI) was a unique broad-based partnership led by IFAD’s Financing Facility for Remittances (FFR), and bringing together the World Bank, the Universal Postal Union (UPU), the World Savings and Retail Banking Institute (WSBI) and the United Nations Capital Development Fund (UNCDF), and was cofinanced by the European Union (EU). The joint goal of this regional programme was to enhance competition in the African remittance marketplace through supporting and enabling African post offices in offering financial services. More specifically, it aimed at promoting a cheaper, faster, more convenient and more client-friendly transfer of remittances, particularly to rural areas, while fostering dialogue among stakeholders, regulators and policymakers. 

​RemitSCOPE, a new website portal, is designed to provide data, analyses and remittancemarket1 profiles on individual countries or areas. In coordination with the Global Forum on Remittances, Investment and Development 2018, RemitSCOPE is being launched to provide market profiles for 50 countries or areas in the Asia and the Pacific region.

The additional four regions will be included gradually: Africa, Latin America and the Caribbean, Europe, and Near East and the Caucasus. RemitSCOPE intends to address the fast-changing market realities in the remittance industry in order to help bring together the goals of remittance families, as clients, and the strategies of the private-sector service providers. RemitSCOPE is designed as a free, one-stop shop that is available to any organization or entity interested in accessing all relevant public information on remittances.