Harnessing migration, remittances and diaspora contributions for financing sustainable development
Building on the achievements to date, this Conference will focus on exploring how migration and remittances can be leveraged to raise development financing via reducing remittance costs, lowering labor migration costs including recruitment costs, and mobilizing diaspora savings and diaspora philanthropic contributions. The objective is to promote the inclusion of migration and remittances in both processes but going beyond remittances. The conference will also address the contributions of migrants, skills and qualification recognition and technology transfer. Leveraging remittances for financial inclusion and for facilitating access to capital markets through diaspora bonds and future flow securitization will also be discussed.
More than 200 participants are expected including government representatives who are involved in the related negotiation processes, in addition to field practitioners, academics, non-governmental representatives, private sector representatives, international organizations and other leading partners.
The conference is organized by the Global Migration Group (GMG), the principal inter-agency coordination mechanism on migration, encompassing 16 UN agencies, the International Organization for Migration (IOM) and the World Bank.
This conference will serve to inform: the intergovernmental negotiations for the third International Conference on Financing for Development (Addis Ababa, July), the United Nations Summit for the adoption of the post-2015 development agenda (New York, September), and the Global Forum on Migration and Development (GFMD) Summit (Istanbul, October 2015). Useful background information on the topic of this conference can be found in Migration and Development Brief 24.
The entire conference will be webstreamed live, if technology cooperates. Watch out for the webstream links which we will provide soon.
* Further details are available here.