{"disclaimer":"Transcripts available through this tool are created by using automatic speech recognition and are not official records nor official documents of the United Nations. Official records and official documents are available on the Official Document System of the United Nations.","url":"https://transcripts.un.org/en/asset/k1s/k1schgqjzk","llms":{"note":"Plain-text sibling of this page, compact for LLM context. 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IFAD"],"speaker_affiliation":["INTERNATIONAL FUND FOR AGRICULTURAL DEVELOPMENT - IFAD"],"related_documents":[]},"transcript":{"transcript_id":"azure-llm-speech-475f4dee-0ea5-4ebf-b436-ff15bf95118b","language":"en","data":[{"statement_number":1,"start":4.99,"pageUrl":"/en/asset/k1s/k1schgqjzk?t=0:05","paragraphs":[{"sentences":[{"text":"So we're very pleased to have with us today on my left, Pedro de Vasconcelos, the Financing Facility for Remittances Manager of the International Fund for Agricultural Development, or IFAD.","start":4.99,"end":16.15,"topics":[],"words":[{"text":"So","start":4.99,"end":5.39},{"text":"we're","start":5.55,"end":5.75},{"text":"very","start":5.75,"end":5.95},{"text":"pleased","start":5.95,"end":6.19},{"text":"to","start":6.19,"end":6.27},{"text":"have","start":6.27,"end":6.47},{"text":"with","start":6.47,"end":6.63},{"text":"us","start":6.63,"end":6.83},{"text":"today","start":6.83,"end":7.23},{"text":"on","start":7.39,"end":7.71},{"text":"my","start":7.71,"end":7.79},{"text":"left,","start":7.79,"end":8.19},{"text":"Pedro","start":8.51,"end":8.75},{"text":"de","start":8.75,"end":8.91},{"text":"Vasconcelos,","start":8.91,"end":9.71},{"text":"the","start":10.19,"end":10.43},{"text":"Financing","start":10.51,"end":11.19},{"text":"Facility","start":11.19,"end":11.63},{"text":"for","start":11.63,"end":11.79},{"text":"Remittances","start":11.79,"end":12.35},{"text":"Manager","start":12.35,"end":12.95},{"text":"of","start":12.95,"end":13.07},{"text":"the","start":13.07,"end":13.19},{"text":"International","start":13.19,"end":13.79},{"text":"Fund","start":13.79,"end":14.27},{"text":"for","start":14.35,"end":14.51},{"text":"Agricultural","start":14.51,"end":15.15},{"text":"Development,","start":15.15,"end":15.59},{"text":"or","start":15.59,"end":15.71},{"text":"IFAD.","start":15.71,"end":16.15}]},{"text":"And he will talk to you about the Sending Money Home report that IFAD has put out.","start":16.51,"end":21.71,"topics":[],"words":[{"text":"And","start":16.51,"end":17.07},{"text":"he","start":17.07,"end":17.27},{"text":"will","start":17.27,"end":17.39},{"text":"talk","start":17.39,"end":17.59},{"text":"to","start":17.59,"end":17.67},{"text":"you","start":17.67,"end":17.75},{"text":"about","start":17.75,"end":18.03},{"text":"the","start":18.03,"end":18.11},{"text":"Sending","start":18.11,"end":18.59},{"text":"Money","start":18.59,"end":18.91},{"text":"Home","start":18.91,"end":19.31},{"text":"report","start":19.31,"end":19.87},{"text":"that","start":20.43,"end":20.75},{"text":"IFAD","start":20.75,"end":21.07},{"text":"has","start":21.07,"end":21.23},{"text":"put","start":21.23,"end":21.43},{"text":"out.","start":21.43,"end":21.71}]},{"text":"Mr. Vasconcelos, welcome.","start":22.23,"end":23.71,"topics":[],"words":[{"text":"Mr.","start":22.23,"end":22.47},{"text":"Vasconcelos,","start":22.47,"end":23.07},{"text":"welcome.","start":23.31,"end":23.71}]}]}],"speaker":{"name":null,"affiliation":null,"affiliation_full":null,"group":null,"function":"Moderator"}},{"statement_number":2,"start":27.35,"pageUrl":"/en/asset/k1s/k1schgqjzk?t=0:28","paragraphs":[{"sentences":[{"text":"Good afternoon, and thank you for the opportunity to present this report, as mentioned, Sending Money Home, a flagship that IFAD presents each decade.","start":27.35,"end":37.75,"topics":[],"words":[{"text":"Good","start":27.35,"end":27.51},{"text":"afternoon,","start":27.51,"end":28.39},{"text":"and","start":28.79,"end":28.95},{"text":"thank","start":28.95,"end":29.15},{"text":"you","start":29.15,"end":29.23},{"text":"for","start":29.23,"end":29.35},{"text":"the","start":29.35,"end":29.47},{"text":"opportunity","start":29.47,"end":29.91},{"text":"to","start":29.91,"end":30.07},{"text":"present","start":30.07,"end":30.43},{"text":"this","start":30.43,"end":30.79},{"text":"report,","start":30.79,"end":31.55},{"text":"as","start":31.55,"end":31.67},{"text":"mentioned,","start":31.67,"end":32.27},{"text":"Sending","start":32.55,"end":32.95},{"text":"Money","start":32.95,"end":33.19},{"text":"Home,","start":33.19,"end":33.51},{"text":"a","start":33.51,"end":33.59},{"text":"flagship","start":33.59,"end":34.23},{"text":"that","start":34.23,"end":34.47},{"text":"IFAD","start":34.47,"end":34.91},{"text":"presents","start":35.03,"end":35.83},{"text":"each","start":36.55,"end":36.87},{"text":"decade.","start":37.27,"end":37.75}]},{"text":"This report is about financial flows of extraordinary scale, but more importantly, it is about families.","start":38.31,"end":44.95,"topics":[{"key":"remittance-lifeline","label":"Remittances as a Lifeline","description":"The discussion centered on remittances as a massive and resilient source of income for families in low- and middle-income countries, often surpassing other external financial flows. 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The briefing emphasized expanding families' choices so remittances can support greater resilience and economic opportunity without replacing their immediate household needs."}],"words":[{"text":"Savings,","start":417.51,"end":418.23},{"text":"credit,","start":418.39,"end":418.79},{"text":"insurance,","start":419.11,"end":419.91},{"text":"investment.","start":419.91,"end":420.55}]},{"text":"These are the things that can turn remittances and family much more resilient.","start":421.11,"end":426.15,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion for Remittance Families","description":"A major theme was how remittance recipients can gain access to savings, credit, insurance, microfinance, and other financial services. 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The briefing emphasized expanding families' choices so remittances can support greater resilience and economic opportunity without replacing their immediate household needs."}],"words":[{"text":"We","start":445.39,"end":445.67},{"text":"know","start":445.67,"end":445.79},{"text":"this","start":445.79,"end":446.03},{"text":"can","start":446.03,"end":446.19},{"text":"work.","start":446.19,"end":446.51}]},{"text":"In IFAD, we've done this in many projects, small projects to prove, many of those with the private sector.","start":446.67,"end":452.43,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion for Remittance Families","description":"A major theme was how remittance recipients can gain access to savings, credit, insurance, microfinance, and other financial services. 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thing.","start":524.51,"end":528.67,"topics":[],"words":[{"text":"They","start":524.51,"end":524.67},{"text":"contribute","start":524.67,"end":525.19},{"text":"to","start":525.19,"end":525.31},{"text":"that,","start":525.31,"end":525.55},{"text":"but","start":525.55,"end":525.71},{"text":"they","start":525.71,"end":525.79},{"text":"should","start":525.79,"end":526.07},{"text":"definitely","start":526.07,"end":526.47},{"text":"not","start":526.47,"end":526.59},{"text":"be","start":526.59,"end":526.67},{"text":"substituted","start":526.67,"end":527.23},{"text":"because","start":527.27,"end":527.55},{"text":"it","start":527.55,"end":527.63},{"text":"is","start":527.63,"end":527.87},{"text":"not","start":527.87,"end":528.07},{"text":"the","start":528.07,"end":528.15},{"text":"same","start":528.15,"end":528.43},{"text":"thing.","start":528.43,"end":528.67}]},{"text":"So the commitment of migrants and their families is already evident.","start":528.99,"end":531.79,"topics":[],"words":[{"text":"So","start":528.99,"end":529.23},{"text":"the","start":529.23,"end":529.31},{"text":"commitment","start":529.31,"end":529.79},{"text":"of","start":529.79,"end":529.87},{"text":"migrants","start":529.87,"end":530.27},{"text":"and","start":530.27,"end":530.39},{"text":"their","start":530.39,"end":530.51},{"text":"families","start":530.51,"end":530.91},{"text":"is","start":530.91,"end":531.07},{"text":"already","start":531.07,"end":531.39},{"text":"evident.","start":531.39,"end":531.79}]},{"text":"I think the figures showcase this.","start":531.79,"end":534.43,"topics":[],"words":[{"text":"I","start":531.79,"end":531.87},{"text":"think","start":531.87,"end":532.11},{"text":"the","start":532.11,"end":532.19},{"text":"figures","start":532.19,"end":532.67},{"text":"showcase","start":532.83,"end":533.55},{"text":"this.","start":534.03,"end":534.43}]},{"text":"Evidently, the question is if the institutions are market around them.","start":534.99,"end":538.99,"topics":[],"words":[{"text":"Evidently,","start":534.99,"end":535.55},{"text":"the","start":535.71,"end":535.87},{"text":"question","start":535.87,"end":536.35},{"text":"is","start":536.35,"end":536.59},{"text":"if","start":536.63,"end":536.71},{"text":"the","start":536.71,"end":536.79},{"text":"institutions","start":536.79,"end":537.47},{"text":"are","start":537.47,"end":537.55},{"text":"market","start":537.55,"end":538.11},{"text":"around","start":538.11,"end":538.71},{"text":"them.","start":538.71,"end":538.99}]},{"text":"can match that commitment by making transfers more affordable, more accessible, and more useful to the families who depend on that.","start":539.55,"end":546.99,"topics":[{"key":"digital-remittances","label":"Digital Remittances and Transfer Technology","description":"Participants discussed the shift toward digital remittance channels, including fintech tools, e-wallets, and the limited but growing role of crypto-related 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The conversation highlighted that digital services can lower transfer costs, but broader interoperability and last-mile access are still needed."}],"words":[{"text":"can","start":539.55,"end":539.79},{"text":"match","start":539.79,"end":540.11},{"text":"that","start":540.11,"end":540.23},{"text":"commitment","start":540.23,"end":540.87},{"text":"by","start":540.87,"end":541.07},{"text":"making","start":541.07,"end":541.55},{"text":"transfers","start":542.19,"end":542.83},{"text":"more","start":542.83,"end":543.03},{"text":"affordable,","start":543.03,"end":543.63},{"text":"more","start":543.71,"end":543.95},{"text":"accessible,","start":543.95,"end":544.67},{"text":"and","start":544.91,"end":545.03},{"text":"more","start":545.03,"end":545.23},{"text":"useful","start":545.23,"end":545.63},{"text":"to","start":545.63,"end":545.71},{"text":"the","start":545.71,"end":545.79},{"text":"families","start":545.79,"end":546.23},{"text":"who","start":546.23,"end":546.31},{"text":"depend","start":546.31,"end":546.67},{"text":"on","start":546.67,"end":546.75},{"text":"that.","start":546.75,"end":546.99}]},{"text":"And if we do, and we're in doing so, we'll be able to offer millions of families the option to turn migration into, as we say, choice rather than a necessity.","start":547.39,"end":560.67,"topics":[{"key":"migration-and-development","label":"Migration and Development Impacts","description":"The proceeding examined how migration policies, crackdowns, and the broader issue of brain drain relate to remittance flows and development outcomes. 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now turn the floor over for questions.","start":568.47,"end":570.75,"topics":[],"words":[{"text":"I'll","start":568.47,"end":568.67},{"text":"now","start":568.67,"end":568.75},{"text":"turn","start":568.75,"end":568.99},{"text":"the","start":568.99,"end":569.07},{"text":"floor","start":569.07,"end":569.39},{"text":"over","start":569.39,"end":569.87},{"text":"for","start":570.03,"end":570.19},{"text":"questions.","start":570.19,"end":570.75}]},{"text":"First question goes to Edie.","start":570.79,"end":571.95,"topics":[],"words":[{"text":"First","start":570.79,"end":570.99},{"text":"question","start":570.99,"end":571.31},{"text":"goes","start":571.31,"end":571.55},{"text":"to","start":571.55,"end":571.67},{"text":"Edie.","start":571.67,"end":571.95}]}]}],"speaker":{"name":null,"affiliation":null,"affiliation_full":null,"group":null,"function":"Moderator"}},{"statement_number":4,"start":573.03,"pageUrl":"/en/asset/k1s/k1schgqjzk?t=9:34","paragraphs":[{"sentences":[{"text":"Thank you very much on behalf of the United Nations Correspondents Association for doing this briefing.","start":573.03,"end":581.63,"topics":[],"words":[{"text":"Thank","start":573.03,"end":573.31},{"text":"you","start":573.31,"end":573.47},{"text":"very","start":573.71,"end":574.03},{"text":"much","start":574.03,"end":574.51},{"text":"on","start":574.51,"end":574.83},{"text":"behalf","start":574.83,"end":575.55},{"text":"of","start":575.67,"end":575.87},{"text":"the","start":575.87,"end":576.03},{"text":"United","start":576.03,"end":576.59},{"text":"Nations","start":576.59,"end":577.55},{"text":"Correspondents","start":577.87,"end":578.91},{"text":"Association","start":578.91,"end":580.11},{"text":"for","start":580.11,"end":580.35},{"text":"doing","start":580.35,"end":580.67},{"text":"this","start":580.67,"end":580.99},{"text":"briefing.","start":580.99,"end":581.63}]},{"text":"My name is Edith Lederer from the Associated 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The briefing emphasized expanding families' choices so remittances can support greater resilience and economic opportunity without replacing their immediate household needs."}],"words":[{"text":"I","start":1060.23,"end":1060.31},{"text":"think","start":1060.31,"end":1060.55},{"text":"you","start":1060.55,"end":1060.63},{"text":"mentioned","start":1060.63,"end":1061.39},{"text":"that","start":1061.39,"end":1061.91},{"text":"the","start":1062.63,"end":1062.75},{"text":"central","start":1062.75,"end":1063.15},{"text":"point","start":1063.15,"end":1063.59},{"text":"is","start":1063.59,"end":1063.79},{"text":"an","start":1063.79,"end":1063.91},{"text":"initiative","start":1063.91,"end":1064.87},{"text":"that","start":1065.83,"end":1066.39},{"text":"help","start":1067.19,"end":1067.55},{"text":"families","start":1067.55,"end":1068.15},{"text":"use","start":1068.15,"end":1068.39},{"text":"the","start":1068.39,"end":1068.51},{"text":"money","start":1068.51,"end":1068.79},{"text":"they","start":1068.79,"end":1068.95},{"text":"receive","start":1068.95,"end":1069.67},{"text":"for","start":1070.71,"end":1071.11},{"text":"investment","start":1071.11,"end":1072.03},{"text":"through","start":1072.03,"end":1072.23},{"text":"a","start":1072.23,"end":1072.31},{"text":"partnership","start":1072.31,"end":1073.11},{"text":"with,","start":1073.11,"end":1073.43},{"text":"I","start":1073.51,"end":1073.67},{"text":"think","start":1073.67,"end":1073.91},{"text":"you","start":1073.91,"end":1073.99},{"text":"mentioned,","start":1073.99,"end":1074.55},{"text":"a","start":1074.79,"end":1074.83},{"text":"financial","start":1074.83,"end":1075.39},{"text":"institution.","start":1075.39,"end":1076.15}]},{"text":"So could you just elaborate and tell us a little bit more about how that works and what kind of support families are getting?","start":1077.07,"end":1084.67,"topics":[],"words":[{"text":"So","start":1077.07,"end":1077.55},{"text":"could","start":1077.71,"end":1077.91},{"text":"you","start":1077.91,"end":1078.03},{"text":"just","start":1078.03,"end":1078.47},{"text":"elaborate","start":1078.51,"end":1079.43},{"text":"and","start":1079.43,"end":1079.63},{"text":"tell","start":1079.63,"end":1079.79},{"text":"us","start":1079.79,"end":1079.91},{"text":"a","start":1079.91,"end":1079.95},{"text":"little","start":1079.95,"end":1080.19},{"text":"bit","start":1080.19,"end":1080.35},{"text":"more","start":1080.35,"end":1080.83},{"text":"about","start":1080.83,"end":1081.07},{"text":"how","start":1081.07,"end":1081.31},{"text":"that","start":1081.39,"end":1081.55},{"text":"works","start":1081.55,"end":1082.19},{"text":"and","start":1082.19,"end":1082.31},{"text":"what","start":1082.31,"end":1082.47},{"text":"kind","start":1082.47,"end":1082.67},{"text":"of","start":1082.67,"end":1082.75},{"text":"support","start":1082.75,"end":1083.39},{"text":"families","start":1083.39,"end":1083.95},{"text":"are","start":1083.95,"end":1084.11},{"text":"getting?","start":1084.11,"end":1084.67}]},{"text":"And secondly, you mentioned that the private sector is still not fully reaching this opportunity.","start":1085.15,"end":1091.47,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion for Remittance Families","description":"A major theme was how remittance recipients can gain access to savings, credit, insurance, microfinance, and other financial services. The briefing emphasized expanding families' choices so remittances can support greater resilience and economic opportunity without replacing their immediate household needs."}],"words":[{"text":"And","start":1085.15,"end":1085.39},{"text":"secondly,","start":1085.39,"end":1086.27},{"text":"you","start":1086.51,"end":1086.67},{"text":"mentioned","start":1086.67,"end":1087.15},{"text":"that","start":1087.15,"end":1087.31},{"text":"the","start":1087.31,"end":1087.43},{"text":"private","start":1087.43,"end":1087.95},{"text":"sector","start":1087.95,"end":1088.51},{"text":"is","start":1088.51,"end":1088.83},{"text":"still","start":1088.91,"end":1089.23},{"text":"not","start":1089.23,"end":1089.39},{"text":"fully","start":1089.39,"end":1089.71},{"text":"reaching","start":1089.71,"end":1090.27},{"text":"this","start":1090.27,"end":1090.67},{"text":"opportunity.","start":1090.67,"end":1091.47}]},{"text":"What would it take to expand access to things like microfinance for these families?","start":1091.87,"end":1098.35,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion for Remittance Families","description":"A major theme was how remittance recipients can gain access to savings, credit, insurance, microfinance, and other financial services. 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de Vasconcelos","affiliation":"IFAD","affiliation_full":"IFAD","group":null,"function":"Financing Facility for Remittances Manager"}},{"statement_number":12,"start":1287.83,"pageUrl":"/en/asset/k1s/k1schgqjzk?t=21:28","paragraphs":[{"sentences":[{"text":"I see no further questions.","start":1287.83,"end":1288.91,"topics":[],"words":[{"text":"I","start":1287.83,"end":1287.99},{"text":"see","start":1287.99,"end":1288.11},{"text":"no","start":1288.11,"end":1288.27},{"text":"further","start":1288.27,"end":1288.51},{"text":"questions.","start":1288.51,"end":1288.91}]},{"text":"Are there any questions online?","start":1288.91,"end":1289.99,"topics":[],"words":[{"text":"Are","start":1288.91,"end":1288.99},{"text":"there","start":1288.99,"end":1289.15},{"text":"any","start":1289.15,"end":1289.27},{"text":"questions","start":1289.27,"end":1289.59},{"text":"online?","start":1289.59,"end":1289.99}]},{"text":"If not, I'd like once more to thank our guest, Pedro de 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