Global Forum on Remittances, Investment and Development 2018, Asia-Pacific
08 - 10 May 2018
From May 8 to 10, Bank Negara Malaysia (the Central Bank of Malaysia), in collaboration with IFAD and the World Bank Group, hosted over 400 practitioners from the public and private sectors, and the civil society, for the first country-led regional Global Forum on Remittances, Investment and Development (GFRID) 2018 – Asia-Pacific.
22 panels of experts discussed the current status of remittance flows to Asia and the Pacific. They evaluated the latest developments in the region’s remittance marketplaces, and proposed policies and mechanisms to lower transaction costs and leverage the impact of diaspora contributions for families in communities of origin.
Kuala Lumpur, Malaysia
The Forum came at a very timely moment as, through its specific priorities and actionable recommendations, it actively contributed to the preparatory processes leading up to the adoption of a Global Compact for Safe, Orderly and Regular Migration in December 2018. It also showcased the crucial role of remittances and migrant investments to the guidance and achievement of the 2030 Agenda for Sustainable Development and its Sustainable Development Goals, as well as the Addis Ababa Action Agenda.
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