MICROFINANCE EVENT: International Fund for Agricultural Development (IFAD), World Bank to Host Global Forum on Remittances 2013, May 20-23, 2013, Bangkok, Thailand

Event Name: Global Forum on Remittances 2013

Event Date: May 20-23, 2013

Event Location: United Nations Conference Centre, Bangkok, Thailand

Cost: This event is free of charge.

Summary of Event: The event is intended to promote awareness of remittances sent by migrants to their home countries in the Asia-Pacific region and the role of these funds in the development of national and local economies. Tentative session topics include “Enabling Remittance Markets: Standards, Regulatory Reforms, and Best Practices”, “Remittances and Development” and “Remittances and Financial Inclusion: From Financial Literacy to Investment Models.” A study entitled “Sending Money Home to Asia,” a report providing an overview and analysis of the Asian remittances market, will also be released during the forum.

Background on the Organizers:
The International Fund for Agricultural Development (IFAD), an agency of the United Nations, was established in 1977 as an outcome of the 1974 World Food Conference. The mission of IFAD to eradicate rural poverty in developing countries by focusing on country-specific solutions. In 2011, the institution reportedly financed 34 programs and projects through a mixture of loans and grants in the amount of USD 952 million.

Established in 1944, the World Bank is comprised of two development institutions, IBRD and IDA, which provide leveraged loans to developing countries for capital programs. IBRD makes loans and grants and provides analytical and advisory services to middle-income countries and poorer countries that are deemed creditworthy, with the aim of promoting sustainable development to reduce poverty. IDA offers interest-free credits and grants to the world’s 81 poorest countries, where a majority of the people live on less than USD 2 per day. IDA resources and technical assistance support country-led poverty reduction strategies in the following policy areas: increased productivity, better governance and accountability, an improved private investment climate and access to education and healthcare.

The World Bank is a member of the World Bank Group, which also encompasses the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID).

Event Website: http://www.ifad.org/remittances/events/2013/globalforum/index.htm

For additional information, you may contact gfr2013[at]ifad.org or call +39 065 4591.

By Nicole Boyd, Research Associate

Sources and Additional Resources:

Information sent by the International Fund for Agricultural Development (IFAD) to MicroCapital.

MicroCapital. May 31, 2012, “MICROCAPITAL BRIEF: $700m in Grants, Loans from UN’s International Fund for Agricultural Development (IFAD) Support Rural Financial Services, Agency to Focus on Sub-Saharan Africa,” http://www.microcapital.org/microcapital-brief-usd-700m-in-grants-loans-from-uns-international-fund-for-agricultural-development-ifad-support-rural-financial-services-agency-to-focus-on-sub-saharan-africa/

MicroCapital. January 5, 2011, “MICROCAPITAL BRIEF: African Development Bank (AfDB) Launches Migration and Development Fund (MDF), Taking Proposals for Projects Relating to Remittances, Local Investment,” http://www.microcapital.org/microcapital-brief-african-development-bank-afdb-launches-migration-and-development-fund-mdf-taking-proposals-for-projects-relating-to-remittances-local-investment/

MicroCapital Universe Profile: International Fund for Agricultural Development (IFAD) http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=International+Fund+for+Agricultural+Development+%28IFAD%29

MicroCapital Universe Profile: The World Bank Group http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=The+World+Bank+Group

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