by the MicroCapital Team - Events, Mobile Money, Regulation, South Asia, East Asia and Pacific, Technology, Trends/Challenges -

MICROFINANCE EVENT: Global Forum on Remittances, Investment and Development Asia-Pacific; May 8 – 10, 2018; Kuala Lumpur, Malaysia

Summary of Event: This forum is intended “to showcase good practices and build partner­ships to leverage the role of remittances in countries and communities of origin towards achieving the Sustainable Development Goals (SDGs)” of the UN. The sessions on May 8 are focussed on the private sector and include topics such as de-risking, encouraging savings and the “Diaspora and impact investment.” An award ceremony will recognize organizations that are “improving transparency, speed, cost, and reliability” of remittances. The second day is more focused on policy and public-private partnerships. The third day includes workshops on topics including blockchain technology and financial inclusion via mobile connectivity.

Background on Organizers: Bank Negara Malaysia, Malaysia’s Central Bank, is hosting the event. The other organizers are the UN’s International Fund for Agricultural Development (IFAD) and the World Bank, a member of the World Bank Group.

Established in 1977, IFAD is dedicated to eradicating rural poverty in developing countries. IFAD disbursed new commitments of USD 823 million during 2016, bringing its portfolio of ongoing projects to approximately USD 10 billion. IFAD operates in approximately 100 countries.

The World Bank Group is a multilateral organization whose goal is “to end extreme poverty and promote shared prosperity in a sustainable way.” As of 2018, it has 189 member nations. The group encompasses (1) the International Bank for Reconstruction and Development and the International Development Association, which make up the World Bank; (2) the International Finance Corporation; (3) the Multilateral Investment Guarantee Agency; and (4) the International Centre for Settlement of Investment Disputes. During 2017, the World Bank Group disbursed funds totaling USD 44 billion.

Cost: Attendance is by invitation only. You may request an invitation at https://goo.gl/forms/9gRHHODFdYC4qmvv1.

Event website: https://gfrid2018.org/

For more information, you may email info[at]GFRID2018.org, or you may call +39 065 459 5066 or +60 326 916 545.

Sources and Additional Resources

Global Forum on Remittances, Investment and Development; June 15-16, 2017; New York
https://www.microcapital.org/microfinance-event-global-forum-remittances-investment-development-2017-june-15-16-2017-new-york-united-states/

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