Join us at the NRSN meeting on February 16th, 2024, from 10:30 to 12:30 GMT at Sir Dawda Kairaba Jawara International Convention Centre in Banjul. The agenda includes risk assessments, PRIME priorities, and a discussion on the Gambia Remittance Market 2024 Roadmap. The event concludes with a networking lunch for further collaboration. Registration and welcome coffee start at 10:00. Don’t miss this opportunity to engage with industry leaders and shape the future of remittance and settlement networks in The Gambia.
Author: IFAD
Date: Jan 24th, 2024
Time: 12h35 – 13h50
Venue: CICG – Room E
Format: In-person interactive panel discussion
Translation: Simultaneous interpretation in English, French and Spanish
To discuss the provisional findings of the guidelines “Maximizing the economic contribution of remittances and diaspora to sustainable development” and create a specific space for exploring experiences of attractive diaspora financial resources for sustainable development, the IOM, IFAD and UNDP together with the Governments of Mexico and the Global Research Forum on Diaspora and Transnationalism (GRFDT) are organizing a GFMD side event aiming to enrich the dialogue on this thematic area by organizing a focused discussion on “Diaspora Economic Potential for Sustainable Development: Proven Strategies, Best Practices and Results”.
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The ‘Leveraging Remittances and Diaspora Investment for Climate Resilient Development Impact’ consultation in the context of the Sustainability, Stability and Security (3S) Initiative in Africa took place in 17-18 January 2024 at IFAD headquarters in Rome, Italy.
IFAD and UNCCD partnered to contribute to the Sustainability, Stability and Security (3S) Initiative in Africa. This partnership enables rural remittance families and their communities to build climate resilience and improve sustainable land management, thereby enhancing livelihoods, food and water security, rural youth employment, and reducing the incentives for migration due to climate change.
The event lasted for two days. Day 1 consisted of a sequence of technical panels, relevant studies, and surveys, followed by the presentation of the 3S Initiative approach and open consultation. Speakers are global experts and practitioners from both public and private sectors, shared their insights, experiences and lessons learned. Day 2 was entirely dedicated to the consultation with the Member States.
Recordings:
Day 1: Morning session (Part1); Morning Session (Part2)
Day 1: Afternoon session (Part 1); Afternoon session (Part 2)
Day 2: Morning Session (Part 1); Morning Session (Part 2)
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This time, the Ghana National Remittance Stakeholder Network and Community of Practice meeting, has three main item in store for you!
RemitSCOPE Website: your gateway to a centralized, global repository of remittance and market intelligence data. During this meeting you gain insights so to empower your strategies in the remittance landscape.
2024 Outlook: Be the first to know about exciting events lined up for NRSN members in 2024! Mark your calendars for a year filled with opportunities and collaborations.
Community of Practice Session: the discussion on ‘Improving access and availability of remittance data in the Ghana market, that will rotate around 5 main breakout discussion questions:
- What remittance data indicators are on remittance service providers wish lists?
- What remittance data indicator would be the most value add?
- If enhanced remittance data became available
- what current challenges in the remittance market would operators be able to navigate better?
- how would operators best utilise remittance data for innovation?
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On 12-13 March, the REMIT Prime Central Asia Programme was launched in Tajikistan with a kick-off event. Among the participants, were institutions from the public and private sectors and IFIs involved in the national remittance market.
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On March 6-7 the Prime Central Asia Programme was launched in the Kyrgyz Republic.
The kick-off event was the occasion for FFR to present an overview of the national remittance market and the financial inclusion landscape,
and to actively engage with all relevant stakeholders. Several government entities (Ministry of Labour, Ministry of Agriculture, National Bank of the Kyrgyz Republic), and the high interest of the private sector and of International Organizations involved in remittances activities in the country, such as (IOM, WFP, World Bank, and IFC) attended the event.
A Call for Proposals was also launched with the aim to identify innovative cost-effective and replicable/scalable solutions models that promote more digital usage of remittances, particularly in rural areas, to ultimately improve income-generating opportunities for remittance-receiving families and migrant returnees.
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Le temps est venu de changer de regard sur la relation entre l’Afrique et ses diasporas, en allant au-delà du mythe des transferts d’argent. C’est en construisant des liens plus étroits et en valorisant pleinement le potentiel de ces diasporas que le continent pourra relever les défis de développement qui l’attendent
Uzbekistan has become the greatest recipient of remittances from Kazakhstan. In 2023 Uzbeks sent home US$588 million earned in the economy of their Central Asian neighbour, with about 80 per cent of cross-border transfers made through the Zolotaya Korona system. Russia, Turkey, Georgia and Kyrgyzstan made up the top five.
Read more: https://timesca.com/kazakhstan-replaces-russia-as-destination-for-uzbek-migrants/
Under PRIME Central Asia, IFAD through the Financing Facility for Remittances (FFR) is pleased to launch the Migrant Contributions for Development Call for Proposals 2024 (CfP24) for Uzbekistan: Leveraging remittances to foster financial and digital inclusion and support the sustainable reintegration of migrant returnees for local economic development in rural areas.
The CfP24 aims to address development opportunities by financing innovative cost-effective and replicable/scalable solutions and models that promote more digital usage of remittances, particularly in rural areas, and related financial services to ultimately improve income-generating opportunities for remittance-receiving families and migrant returnees.
Individual proposals for Uzbekistan, or regional proposals covering one or more Central Asian countries –the Kyrgyz Republic, Tajikistan and Kazakhstan– are eligible.
For more information on the proposal and how to apply, see the below-mentioned document “Call for proposals”.
The last day for submission is 7 June 2024.
В рамках программы PRIME в Центральной Азии ИФАД через Фонд финансирования денежных переводов (FFR) объявляет конкурс заявок на участие мигрантов в развитии в 2024 году (CfP24) для Узбекистана: Использование денежных переводов для содействия финансовой и цифровой интеграции и поддержки устойчивой реинтеграции возвращающихся мигрантов в целях местного экономического развития в сельских районах.
CfP24 направлен на решение проблем развития путем финансирования инновационных экономически эффективных и тиражируемых/масштабируемых решений и моделей, которые способствуют более цифровому использованию денежных переводов, особенно в сельских районах, и соответствующих финансовых услуг, чтобы в конечном итоге расширить возможности получения дохода для семей, получающих денежные переводы, и возвращающихся мигрантов.
К рассмотрению принимаются как индивидуальные заявки по Узбекистану, так и региональные заявки, охватывающие одну или несколько стран Центральной Азии – Кыргызскую Республику, Таджикистан и Казахстан.
Более подробную информацию о предложении и о том, как подать заявку, см. в упомянутом ниже документе ” “Призыв к предложениям”.”.
Последний день подачи заявок – 7 июня 2024 года.
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ANNEX 1- GUIDANCE FORM FOR INITIAL BILATERAL MEETING
ПРИЛОЖЕНИЕ 1- ФОРМА С РЕКОМЕНДАЦИЯМИ ДЛЯ ПЕРВОЙ ДВУСТОРОННЕЙ ВСТРЕЧИ
ANNEX 2- GUIDANCE FOR FINAL MEETING CALL
ПРИЛОЖЕНИЕ 2- РЕКОМЕНДАЦИИ ДЛЯ СОЗЫВА ЗАКЛЮЧИТЕЛЬНОЙ ВСТРЕЧИ
Cash sent home by Kenyans working in African countries became the fastest-growing source of the nation’s diaspora dollar inflows last year at a time when overall remittances grew by the slowest pace in four years, largely hurt by elevated inflationary pressures on earnings in the US and Britain.
Cash wired home by Kenyans in other countries on the continent climbed by nearly half to $305.21 million (about Sh48.83 billion under prevailing conversion rates) in 2023 compared with the year before, official data shows, helping boost dollar flows whose supply has been problematic.
