Â鶹APP

Organised by

Global Migration Group
OECD Development Centre
World Bank

Summary

Migration, remittances and diaspora can contribute to sustainable development by providing economic opportunities to migrants and their families, reducing poverty, addressing labor market imbalances, fostering trade and facilitating the diffusion of knowledge, skills and technology.
Building on the achievements to date, this side event 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 but going beyond remittances in the Financing for Development deliberations. The side event 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.

Related Information

Contact

For inquiries regarding this side event, please contact

• Sonia Plaza, splaza@worldbank.org, +1 202 317 1714