Diasporas, migrs, Development

1
Diasporas, Émigrés, Development

• And Women

2
There is a growing focus on the impact of
economic tiesbetween émigrés and diasporas and
their homeland.

• 1. Remittances
• 2. Collective Remittances for Community
  Development
• 3. Diaspora Business and Investment
• 4. Diaspora Based Investment Vehicles
• 5. Knowledge Transfer Mechanisms

3
Remittances

• Formal recorded flows of remittance to developing
  countries amounted to
• 80 billion in 2002, and accounted for the second
  largest source of external funding for developing
  countries behind foreign direct investment (FDI).

4
Remittance Development

• 1. Establishing partnerships with remittance
  transfer organizations and financial institutions
  in other countries
• 2. Improving remittance transfer and distribution
  mechanisms
• 3. Facilitating lower cost transfers
• 4. Enhancing institutional capacity of MFIs
• 5. Promoting banking system use by remittance
  recipients and
• 6. Developing tailored financial services for the
  poor.

5
Collective Remittances for CommunityDevelopment

• The most renowned medium for channeling
  collective remittances are hometown associations
  or HTAs---groups of emigrants seeking to support
  their home communities, maintain relationships
  with local communities, and retain a sense of
  community as they adjust to life in their new
  home.

6
Diaspora Business and Investment

• Link to Business Opportunities and Conduit of
  Market Information
• First Movers
• Source of Business Knowledge and Skills
• Diaspora Business Networks

7
Diaspora Based Investment Instruments

• Diaspora Investment Funds
• Sovereign Diaspora Bonds
• Remittance Backed Bonds

8
Knowledge Transfer Mechanisms

• Brain Drain vs. Brain Trust
• Mobilizing the Digital Diaspora
• Professional Diaspora Networks

9
Role of African Women in the Diaspora

• Get in on the ground floor of the discussion
• Empower AABWA and other Diaspora Outreach groups
  to get a seat at the table