What does GFRD mean in FORUMS
The Global Forum on Remittances and Development (GFRD) is an international platform that seeks to increase the efficiency, transparency and its potential for development contributions of remittances flows. It was established in 2009 with the goal of contributing to poverty reduction through remittances and other financial transfers, as well as to promote greater stability and diversification in countries receiving or sending significant volumes of global remittances. The GFRD brings together public, private, civil society and research stakeholders from both recipient and sending countries.
GFRD meaning in Forums in Community
GFRD mostly used in an acronym Forums in Category Community that means Global Forum on Remittances and Development
Shorthand: GFRD,
Full Form: Global Forum on Remittances and Development
For more information of "Global Forum on Remittances and Development", see the section below.
Essential Questions and Answers on Global Forum on Remittances and Development in "COMMUNITY»FORUMS"
What is the purpose of the Global Forum on Remittances and Development?
The purpose of the Global Forum on Remittances and Development (GFRD) is to increase the efficiency, transparency and its potential for development contributions of remittance flows.
Who participates in GFRD efforts?
GFRD efforts involve participation from public, private, civil society and research stakeholders from both recipient and sending countries.
When was GFRD established?
The Global Forum on Remittances and Development (GFRD) was established in 2009.
What are the goals of GFRD?
The primary goals of GFRD are poverty reduction through remittances and other financial transfers; promotion of greater stability; diversification in countries receiving or sending significant volumes of global remittances; increased transparency; improved development contributions of remittance flows; among others.
How does GFRD work towards these goals?
GFRD works towards its goals by bringing together those involved in policy making regarding global remittance flows in order to identify improvements that can be made at both a macro-level—such as improving regulatory frameworks—and micro-level — such as introducing new digital solutions that improve efficiencies or increasing access to formal financial services for migrants.
Final Words:
The Global Forum on Remittances & Development (GFRD) is an important platform that provides essential opportunities for all stakeholders involved - governments, funders, industry players, non-governmental organisations etc -to come together in order to develop innovative solutions that leverage technology enhanced solutions that can reduce transaction costs while ensuring increased safety & security throughout global remittance processes worldwide.