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.

This paper analyses how different types of social protection interventions affect rural livelihoods. It examines how these interventions can help rural transformation by increasing productivity and asks how they can influence inclusiveness.

Using country-level evidence, it suggests that the effectiveness of social protection depends upon specific contexts and combinations of interventions, and asks what this means for building policy. 

During the period covered by the project, the landscape of global microfinance was deeply modified and “the game has changed”. On the one hand, the saturation of the market has led to over-indebtedness of very poor clients, scandals and systemic crises that have swept the whole sector in some prominent countries. On the other hand, it has been difficult for the industry to demonstrate tangible impact and, therefore, show that it has delivered against its promises of lifting hundreds of millions of very poor people out of poverty.

In this challenging context, the project aimed to help unlock the economic potential in sub-Saharan Africa, by promoting the growth of existing financial intermediaries that serve rural areas (rural financial institutions, RFIs) so that local entrepreneurs could take advantage of new opportunities to be more productive and more competitive, and improve their living conditions sustainably.

The purpose of this guide is to provide some generic steps and principles to be followed when setting up institutional arrangements for the management and implementation of IFAD projects.

The programme supported innovation funds working directly with communities to scale up approaches in Bangladesh, Ethiopia, Ghana, Lao People’s Democratic Republic, Uganda and Viet Nam.