Diaspora Investment and Entrepreneurship

The partnership between the Department of Labor and Employment (DOLE) and the Department of Agriculture (DA) aims to implement joint and convergent programs, projects, and services for OFWs and their families who intend to pursue agribusiness as part of the National Reintegration Program for OFWs. They conducted a series of agribusiness investment forums in different destination countries to promote the program. 

The goal of this project is to improve financial services, including remittance delivery capacity, of 10 selected micro- finance institutions (MFIs) targeting the rural poor and migrant worker families. The project promotes migrant’s savings and investment through community-based MFIs in the migrant workers’ home villages.

The Economic and Financial Learning Program is a pioneer multi-partner initiative for Filipino migrant workers and remittance-receiving family members. It is among the Bangko Sentral ng Pilipinas (BSP)’s efforts to promote financial inclusion by educating the public in basic financial matters. The program aims at helping Filipinos understand important economic and financial issues in order for them to develop the “skills needed to make well-informed” decisions and choices.

The DEED project aims to increase opportunities for Kosovars living abroad to participate in the economic development of Kosovo by facilitating job and enterprise creation through investment and channelling of remittances away from pure consumption, in particular by: i) increasing literacy for financial services of remittance-receiving households and increase access to finance in a gender-sensitive manner; ii) identifying and introducing models and mechanisms that facilitate migrants’ investments and savings in Kosovo; iii) offering technical support for Kosovo authorities in order to draft

The SECO Start-up Fund (hereafter, the Fund) is a risk capital vehicle launched in 1997. The Fund is fully owned by the Swiss State Secretariat for Economic Affairs SECO and is an instrument of SECO’s Economic Cooperation and Development Division. The Fund is managed by FinanceContact Ltd., a Zürich-based private management company.

Based on original research conducted in Somaliland, Puntland and South/Central Somalia, as well as in multiple cities (mainly Dubai, London, Minneapolis, Nairobi, Oslo, Toronto) with a high concentration of Somali diaspora members, this report examines the motivations of diaspora support, the factors that influence it, the means and mechanisms by which it is mobilized and transferred to Somalia and the ways in which local Somali actors put the support they receive to use.

The general objective is to support productive investments of Moroccans investors living in France with i) a dedicated support mechanism for Moroccans entrepreneurs based in France and in Morocco ii) activities with public institutions to improve the investment environment for Moroccans residing abroad

Activities:

1. Strengthen capacities of a dedicated unit for the coordination of economic initiatives of Moroccans residing abroad within the MCMREAM.

On the 6th – 7th October 2014, the Diaspora Relations Bureau in partnership with the German Agency for International Cooperation (GIZ) organized the 1st edition of the Diaspora Business Forum, under the aegis of the Prime Minister of the Republic of Moldova.

The general objectives where to improve the business-enabling environment at the national level by organizing an event and follow-up platform for effective dialogue between the diaspora business community and Government, as well as facilitating information-sharing with potential investors.

The project was implemented within the framework of the Dialogue on Mediterranean Transit Migration (MTM) by ICMPD and IOM between July 2011 and September 2014. The overall objective of the project was to enhance the institutional capacities of national authorities charged with migration and development to better harness the contributions of their diaspora communities.

The general objective is to support local development projects and productive investments (collective and individual) of the Malian diaspora in Mali with i) a dedicated support mechanism for entrepreneurs in France and country of origin ii) activities with public institutions and private sector institutions to improve the investment climate in countries of origin

Activities: