Promoting innovative remittance markets andempowering migrant workers

and their families

International Fund for Agricultural Development

Scaling up remittances and diaspora capital for rural transformation

GFRD, MILAN18 June, 2015

to developing countries

Remittance and migration

US$436BILLION(2014)

US$64BILLION

US$25BILLION

US$64BILLION

US$22BILLION US$261

BILLION

247

US$500BILLION

IN SAVINGS

Maximizing the impact of remittances and migration

“Access”

Strengthen the remittance rural

market

- Competition promotion - Intermediation (MFIs, Postal)- Innovative models (Mobile, virtual) - Regulatory framework

“Use”

Promote Financial Inclusion

- Distribution channels- Financial literacy- Cross-selling of financial

products- Savings mobilization

“Investment back home”

Promote investment of remittancesand migrant

savings

- Opportunity identification- Productive investment models

(Funds, Bonds)- Skill development- Entrepreneurship

Remittances and Development in Rural Areas:Strategic opportunities for IFAD

1

2

3

Remittances and DevelopmentIFAD portfolio and strategic approach

Small & Large Grants

Remittances & Entrepreneurship,

Nepal (APR)

Country strategies &IFAD portfolio through scalable

models and inclusive finance

LoansSupplementary funded grants

Migrants resources Mobilization - Regional

(APR)

Remittances & Entrepreneurship,

Nepal (APR)

50 FFR grants in 40 countries to Public,

Private and civil society organizations

Research and analysis Knowledge products Policy advocacy

Regulatory framework, markets, households surveys and research projects

- Sending money home- In country scaling-up

strategies

- UN (GFMD, Post 2015, F4D, GMG)

- G20- Innovative finance- GFRD (IFAD)- IDFR (IFAD)

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“This said…”Where do we go from now?How do we scale results?