Q. The Global Forum on Remittances, Investment and Development (GFRID) is related to which of the following?

[A] The United Nations Conference on Trade and Development

[B] The United Nations Industrial Development Organization

[C] World Economic Forum

[D] International Fund For Agricultural Development (IFAD)

Answer: D

The Global Forum on Remittances, Investment and Development (GFRID) brings together key decision makers, stakeholders and practitioners who are engaged in the field of remittances and migration for development. 

  • Since its first forum in 2007, IFAD has gathered over 1,000 participants from the public and private sector, and the civil society, to facilitate the creation of partnerships and the exchange of best practices in maximizing the impact of remittances to the benefit of migrants’ communities of origin.  
  • In doing so, IFAD partners with key international financial institutions and other prominent organizations, such as the European Commission (2015) and the United Nations Department of Economic and Social Affairs (2017). 
  • The forum is held biannually, in conjunction with the observance of the International Day of Family Remittances (IDFR) on 16 June. 

Source: UN IFAD