Events

Beyond Remittances: optimizing diaspora's role in development

Hosted by Institute of Global Affairs and the International Organization for Migration (IOM)

FAW.9.04, Fawcett House

Speakers

Marina Manke

Head, Labour Mobility and Human Development Division, International Organization for Migration

Gibril Faal

Director, GK Partners and Visiting Professor in Practice, LSE IGA

Heather Cover-Kus

Economic Officer, Commonwealth Secretariat

Alix Murphy

VP, Mobile Money, WorldRemit

Chair

Marta Foresti

Director, Human Mobility Initiative, ODI and Visiting Senior Fellow, LSE IGA

To mark the 2019 International Family Remittance Day, this seminar will examine how to fully leverage the various contributions that diasporas can make and align them with the challenges of development. This includes important considerations about the role host countries (like the UK) can play in supporting the efficient maximisation of diaspora contributions, through polices, strategies and initiatives. Such alignment between home and host countries’ priorities and support will offer a baseline for mutual cooperation in supporting diaspora’s transnational civic engagement.

Diasporas significantly contribute socially and economically to development. Depending on the region, between 60 and 95 per cent of migrants send money back home to developing countries, constituting a flow upwards of USD 529 billion annually, according to the last World Bank estimation. These links between migration and development are also acknowledged by the international community and reflected in recent global framework documents and agendas. The 2030 Agenda for Sustainable Development (SDG) highlights the significance of migrant contributions to inclusive growth and sustainable development in countries of origin, transit and destination. The recently adopted Global Compact for Safe, Regular and Orderly Migration (GCM) portrays migration as a force for development and includes in particular, provisions related to the engagement of diasporas in development.

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