Remittances - An Engine for Development that Still Needs to Move up a Gear

High-level speakers at yesterday's opening of the Global Forum on Remittances, Investment and Development in Kuala Lumpur, shared a common message – public and private sector must work further together to leverage the immense development potential of remittances in the Asia Pacific region.

The three-day event, which has attracted more than 400 participants from all over the world, got underway with keynote addresses from Jessica Chew Cheng Lian, Deputy Governor of Malaysia's Central Bank; Charlotte Salford, Associate Vice President of the International Fund for Agricultural Development (IFAD); and Ceyla Pazarbasioglu, Senior Director at the World Bank Group. Together, participants will explore ways to increase the efficiency of remittance markets and services, improve financial inclusion and stimulate diaspora investments.