Invitation to bid: Engaging diaspora communities to support youth employment in Senegal and Morocco

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.

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UN General Assembly High-level Meeting to Address Large Movements of Refugees and Migrants – Apply for Civil Society Steering Committee

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.

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Countries look to draw expatriate cash with ‘diaspora bonds’

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.

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