2009 International Forum on Remittances

The forum will focus on remittances to Africa as well as between African countries. Discussions will raise awareness about the popularity and volume of remittances as well as the potential of remittances to facilitate economic development in Africa. The Remittances, Business Models and Rechnology Fair will also be held simultaneously to showcase products relevant to remittances. The topic of remittances is relevant to microfinance because microfinance institutions (MFIs) can play key roles in distributing and guiding the use of remittances to poor people. In 2006, migrants remitted USD 300 billion around the world.