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Financing for Development in the Era of COVID-19 and Beyond

Led by Canada, Jamaica, and the UN Secretary-General, the initiative identified remittances as a key topic for engagement and repositioning within the UN Financing for Development Framework because of the pandemic. In particular, Discussion Group I focused on “External Finance, Remittances, Jobs and Inclusive Growth”. On remittances, under IFAD’s leadership, the group delivered a comprehensive set of measures and respective actions to address the impact of covid-19. Heads of State and Government met on September 29th, 2020, to consider the menu of policy options developed during 2020 with the ambition of supporting Member States in responding and recovering from the current global crisis.