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Leveraging Remittances to Drive Development

Featured speakers

Moderator:Mr. Pedro De Vasconcelos, Programme Coordinator of the Financing Facility for Remittances (FFR), International Fund for Agricultural Development (IFAD), Italy
Speakers:Mr. Shankar Man Shrestha, CEO, Center for Self-help Development (CSD), Nepal
Mr. Chukwu-Emeka Chikezie, Director, Up!-Africa Limited,UK and Sierra Leone
Ms. Irma Cosico, Chief Executive Officer, ASKI Global Ltd, Singapore
Ms. Estrella Mai Dizon-Anonuevo, Executive Director, Atikha Overseas Workers and Communities Initiatives Inc., Philippines

Description

Approximately 250 million international migrants send about $400 billion every year to their families in developing countries — triple the amount of Official Development Assistance. In addition, the World Bank calculates that for every 10 percent of a population that migrates to work in a higher income country, there is a 1.9 percent reduction in poverty in the country of origin.

This session will look at the socio-economic and development benefits of remittances and how they can drive greater financial inclusion. We will discuss best practices in linking remittances with other financial products and services and how to empower low-income migrant families by providing financial education, entrepreneurship trainings and access to tools that provide flexibility at low costs.

Listen to the session as a podcast here:

Part 1: Introduction
Speakers: Pedro De Vasconcelos, Irma Cosico, Shankar Man Shrestha, Estrella Mai Dizon-Anonuevo, Chukwu-Emeka Chikezie

Part 2: Panel Discussion
Questions and Answers from the Audience

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