Knowledge

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 migrants’ remittances and investment towards achieving the Sustainable Development Goals (SGDs) by 2030.

The programme, referred to as the Strengthening Rural Institutions (SRI) project, was implemented by the World Agroforestry Centre (ICRAF) Eastern and Southern Africa Region from 2011 to 2014. The project aimed to bring about a sustainable rural transformation process by strengthening the “institutional infrastructure” for integrated natural resource management, food security and poverty alleviation in Kenya, Tanzania and Uganda. 

The project’s main goal was to support grassroots organizations to meaningfully participate in governance processes where their livelihoods and well-being, and the environment, are at stake, with an emphasis on enabling poor rural households to aggregate, mobilize and access rural services.

This paper provides an overview of concepts, issues and research on the relationship between financial inclusion and inclusive rural transformation.

It demonstrates how changing demand for financial services, innovations in rural finance, and different investment strategies affect the interplay of supply and demand.