Amid a backdrop of weak global growth, remittances to developing countries are expected to increase only slightly in 2016, saysRead more
This Invitation to Bid is intended to select a recipient or consortium of recipients to receive IFAD grant financing to implement a project on ‘Engaging diaspora communities to support youth employment in Senegal and Morocco’. Potential recipients or consortiums of recipients are being invited to develop a project proposal based on the background and guidance detailed below and in the ‘Invitation to Bid’ document.Read more
On 19 September 2016, the UN General Assembly will host a High-level Meeting at UN Headquarters in New York to address large movements of refugees and migrants, with the aim of bringing countries together behind a more humane and coordinated approach. UN Member State consultations are underway to finalize the organizational arrangements, including on a possible outcome, for this High-level Meeting of the General Assembly.Read more
A growing roster of developing states are turning to their compatriots abroad to raise cash by marketing “diaspora bonds”, a funding strategy successfully pioneered by India and Israel but sometimes tricky to imitate.
Some 250 million people, around 3 percent of the world population, live outside their native countries, according to World Bank data from 2013. They are an important source of funding for their homelands: last year they sent home around $440 billion – three times more than global development aid.
Cash raised by governments directly by marketing securities to their overseas citizens represents just a tiny fraction of that, but looks set to grow, judging by a number of recent announcements.
Egypt has announced debt certificates denominated in dollars and euros to ease hard currency shortages.Read more
Lebara, a mobile and media services provider to the world’s migrant community, today announced a partnership with global insurer the Allianz Group. The partnership will provide insurance and assistance services to meet the needs of migrants and their families globally.Read more