World

COVER PAGE

Forum

June 14, 2013

ON THE DIASPORA

ECONOMY

Organize

Host

Sponsor

Attend

TIM E FOR A NE W EC ONOM IC P AR ADIG M

Initiative in Support of the UN Agenda on Financing for Development CONFERENCE OVERVIEW PROGRAM PREVIEW
an event an event an event the event

even PARTICIPANTS t

OUTCOMES

UNITED NATIONS CALL FOR A NEW ECONOMIC PARADIGM

Secretary-General Ban Ki-Moon (left) and

2013 World Forum on the Diaspora Economy

Time for a New Economic Paradigm
Friday, 14 June 2013 9am 5pm United Nations Headquarters ECOSOC Chamber

former General Assembly President Nassir Abdulaziz Al-Nasser co-chair the high-level thematic debate on The State of the World Economy and Finance and its Impact on Development. UN photo/ P. Filgueiras 17-18, May 2012

The United Nations Round

The Wall Street Investors Round

The New York City Council Round *

Special thanks and gratitude to His Excellency, Jean Francis Zinsou, Permanent Representative of Benin to the United Nations for his steadfast support of the forum since its inception in 2009.

International Payments ---Top-Up Telecom, International Payments

Global Diaspora Travel & Tourism ---Top Inviting World Destinations Showcase

Exporting the Creative Industry/ Economy ---Ethnic Media, Music & Films Crossover Exhibits

Ethnic Consumer Goods --World National Dish & Wine Tasting Exhibit

Contract & Procurement Opportunities ---Diaspora Participation in UN and Development Banks' Opportunities

Countries Diaspora Bond Offerings

--A New Reality using Social Media & Crowd-sourcing

Highlights
Hear from World Governments and New York City Legislators Hear from Industry/ Thought Leaders Attract Proposals from Businesses in Support of Financing for Development Showcases: 8+ Country-Diaspora Bond Showcase on: Benin, Nigeria, Kenya, Greece, Nepal, Egypt, Philippines, Grenada, Ghana, India, Romania, Ireland, Spain, Morocco and more A Display of NYC rich Food and Wine culture A Display of Creative Economy featuring Music and Film Crossover

Organized by: The Financing for Development Business Advisory Group (FfD-BAG) United Nations Member States co-hosts: The Permanent Mission of Benin to the United Nations, Global Coordination Bureau of the Group of Least Developed Countries, and Permanent Missions to the United Nations with support from the office of the President of the General Assembly to the United Nations. Presented in Collaboration with: University of Virginia, Pace University, MDG Global Watch, the US Department of Commerce, the World Bank, United Nations Post 2015 Development Planning, the UN Global Compact, International Organization for Migration (IOM), the UN World Tourism Organization, United Nations Conference on Trade and Development (UNCTAD), United Nations Development Business, UN Office of the Special Advisor of the Secretary General on Africa, UN Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UNOHRLLS), New York City Foreign Consular Corps, New York & Co. Created by: Xen Pi Co. & Associates Sponsorship Opportunities: Available Invited and are being confirmed*

forum@financingfordevelopment.com Tel: +1 (650) 681-9336

Copyright 2013 All rights reserved

World
COVER PAGE

Forum

June 14, 2013

ON THE DIASPORA

ECONOMY

Organize

Host

Sponsor

Attend

TIM E FOR A NE W EC ONOM IC P AR ADIG M

Initiative in Support of the UN Agenda on Financing for Development CONFERENCE OVERVIEW PROGRAM PREVIEW
What
an event an event an event the event

even PARTICIPANTS t

OUTCOMES
Context

UNITED NATIONS CALL FOR A NEW ECONOMIC PARADIGM

Secretary-General Ban Ki-Moon (left) and

A GLOBAL ECONOMIC FORUM; the only one of its kind dedicated to the economy of major Diaspora-host countries (i.e. U.S, U.K, France, Canadaand others) and its impact on the Diaspora countries of origin. In its fourth year, the forum will be convened on Friday, 14 June 2013.

former General Assembly President Nassir Abdulaziz Al-Nasser co-chair the high-level thematic debate on The State of the World Economy and Finance and its Impact on Development. UN photo/ P. Filgueiras 17-18, May 2012

Special thanks and gratitude to His Excellency, Jean Francis Zinsou, Permanent Representative of Benin to the United Nations for his steadfast support of the forum since its inception in 2009.

This initiative, which was started four years ago, was spearheaded by the business community in support of the United Nations agenda on Financing for Development. More specifically, the objective was to mobilize of international private resources and foreign direct investments. The forum has attracted the support Designed to encourage global action. The 2013 spectacle will of some of the most prominent groups of Member States offer a colorful display of the bi-national trade and investment and Secretariat offices of the world organization. exchanges at play between the immigrant consumer market of These include the Office of the President of the United New Yorks multi-cultural metropolis, and an array of countries Nations General Assembly, the Group of 77, the Global markets throughout Asia and the Pacific, Africa & the Middle Coordination Bureau of the Group of Least Developed East, Latin America and the Caribbean, and Europe. A display Countries, United Nations Conference on Trade and of bi-national economic integration with potential to significantly Development, the United Nations Global Compact and drive GDP. the Office of the Secretary General Special Adviser on Low Income Countries Middle Income Countries Africa. Unlike other initiatives focused on Diaspora remittances or other forms of direct Diaspora U.S. Latin America/ contribution, the forum is the only multi-stakeholder U.K. & the Caribbean conference of its kind dedicated to promoting Host Countries Countries of France Consumer Origin Asia & the Pacific Market international awareness and understanding of the nature Canada Africa/ of the economy and its bi-national dimension. Germany & the Middle East
Others
Europe Eastern Europe

Highlights
Hear from World Governments and New York City Legislators Hear from Industry/ Thought Leaders Attract Proposals from Businesses in Support of Financing for Development Showcases: 8+ Country-Diaspora Bond Showcase on: Benin, Nigeria, Kenya, Greece, Nepal, Egypt, Philippines, Grenada, Ghana, India, Romania, Ireland, Spain, Morocco and more A Display of NYC rich Food and Wine culture A Display of Creative Economy featuring Music and Film Crossover

A TRIPARTITE EVENT. It will consist of a United Nations UN Round Round, a briefing involving members of the New York City City Council Council Black Latino & Asian Wall Street Rond Caucus, and an Investors Round targeting the New Yorks Financial District in Wall Street. There will be Panel Sessions, Official Statements, Keynote Addresses, Business Cases, Product Showcases, Country Presentations, and Partnership Outcomes. Intended to cover the breadth and scope of the emerging Diaspora economy from its principal existing parts: International Payments | Wireless Recharge (Top-up)| Transnational Loans | Diaspora Bonds | Diaspora Homebound Travel & Tourism | the Creative Industry | the Emerging Creative Economy | Ethnic Food & Retail Products and Services. THE OCCASION. The occasion will present a unique opportunity to feature the US immigrant consumer market. The U.S. is already home to tens of millions of immigrants from across the world. It is projected that by 2050, ethnic minorities will comprise of more than half the U.S. population due to the countrys racial demographic evolution. According to the Fiscal Policy Institute, New York Citys multi-cultural metropolis generates 22% or $229 billion of its $1.2 trillion economy. New York Citys growing population of immigrants stand at about 25% not including those who are undocumented. Due to data shortcomings, these figures probably underestimate the international flow of consumer goods and services such as revenues and earnings generated by a transnational economy like that of the Diaspora Economy.

The Diaspora Economy represents the overall expenditures of a critical mass of transnational families in both the country of residence and towards the country of birth/origin. Their distinct consumption pattern in terms of food, beverages, clothing, cosmetics, media, music, entertainment, international communications, financial services, travel, tourism and other special needs, coupled with significant purchasing power are two fundamentals that are driving demand and thereby creating this corridor market where the immigrant consumer markets of major host countries intersect with the markets of the countries of origin. Wireless Recharge, International Payments, Transnational Loans, Ethnic Foods, Homebound Travel & Tourism and Bond offerings are just some of emerging trends that are enabling global investors to access markets and consumers across borders while creating investment spin-offs in various developing and least developed countries. While major Diaspora-host countries are strategically poised to be the primary beneficiary of an immigrant consumer market-driven economy, countries of originlesser developed, marred by joblessness, lacking market size, lacking capitalization, and consequently unable to attract investments have the most at stake in this initiative. The business sector perceives the Diaspora Economy as an Emerging Asset Class. The market, though overlooked, is already fueling major public and private developments in lesser developed countries in areas suc as telecom, tourism, export-oriented food products and the creative industry- This new phenomenon is allowing many least developed nations to leapfrog into new areas of wealth creation which would otherwise not have been accessible to them given their present fragile state.

forum@financingfordevelopment.com Tel: +1 (650) 681-9336

Copyright 2013 All rights reserved

World

Forum

June 14, 2013

ON THE DIASPORA

ECONOMY

Organize

Host

Sponsor

Attend

TIM E FOR A NE W EC ONOM IC P AR ADIG M

Initiative in Support of the UN Agenda on Financing for Development CONFERENCE OVERVIEW EXPECTED OUTCOME
|
an event an event an event the event

PROGRAM PREVIEW
NEW YORK CITY COUNCIL ROUND Showcases |

even PARTICIPANTS t

OUTCOMES

UNITED NATIONS ROUND Thematic Focus / Topics

WALL STREET INVESTORS ROUND Sponsorship Area

Development Area

UNITED NATIONS ROUND NATIONS STATEMENT ON THE DIASPORA ECONOMY TIME FOR A NEW ECONOMIC PARADIGM The United Nations Round invites country officials including domestic banks to deliver a statement on the Diaspora Economy describing (1), as best as possible, wherever applicable, the impact of international payments, top-up services, Diaspora homebound tourism, Diaspora bonds, the ethnic food and entertainment market, on national GDP, and (2), a new policy vision with capacity to unlock the potential of the consumer-driven economy. SHOWCASE 1 ETHNIC MEDIA, MUSIC & FILM CROSSOVER EXHIBITS

WALL STREET INVESTORS ROUND NEW YORK CITY COUNCIL ROUND CEO ROUNDTABLE: INNOVATION AND LEADERSHIP The Wall Street Investors Round brings to bear the perspective of the major players doing business within the global immigrant consumer markets and that of investors driving the sectors. The segment covers market recognition, potential, and strategy for growth through private capital funding leverage with public financing. WHO IS INVITED Companies doing business with ethnics. Governments from diaspora-host countries and countries of origin. Policy makers and development experts. Diaspora entrepreneurs. Global investors. PARTICIPANTS SHOWCASE 2 WORLD NATIONAL DISH AND WINE TASTING EXHIBIT HEARING ON NEW THE IMMIGRANT CONSUMER ECONOMY The New York City Council Round is a briefing to the New York City Council legislators on the state of New York Citys multi-cultural consumer economy (Hispanics, Asians, Africans, Europeans, Middle Eastern, West Indies and others) in light of changing ethnic demographics and a growing consumer network.

SHOWCASE 4 TOP INVITING WORLD DESTINATIONS FOR THE LEISURE OF THE DIASPORA TRAVELER SHOWCASE 5 DIASPORA PARTICIPATION IN CONSULTING & ENGINEERING CONTRACTS & PROCUREMENT OPPORTUNITIES Doing business with the United Nations, World Bank, and other Regional Banks. DEVELOPMENT AREA 3 GROWING INDUSTRY AROUND THE DIASPORA TOURISTS The Roadmap for Recovery, which was approved in October 2009 at the UNWTOs General Assembly, is a manifesto on how tourism and travel, one of the worlds biggest sources of jobs and export earnings, can be a primary vehicle for job creation, enhanced development, trade promotion, economic recovery and the transformation towards a greener economy. This segment is focused on assessing the value and potential of Diaspora homebound tourism.

Friday June

SHOWCASE 3 COUNTRIES DIASPORA BOND OFFERINGS USING CROWDSOURCING & SOCIAL MEDIA

14

Attendance to the forum and affiliated activities is by invitation only. Early registration is strongly encouraged: Delegates Observers Civil Society Organizations Journalists Private Sector and Academia Submit your registration request: secretariat@financingfordevelopment.com DEVELOPMENT AREA 2 EXPANDING THE REACH OF INTERNATIONAL PAYMENTS International Payments, including wireless recharge has made telecom infrastructure investments in different parts of the world a lucrative undertaking mainly by filling the gap of affordability for people without a source of income. This segment invites governments and other stakeholders to explore strategies to expand the reach of international payments to enhance other kinds of basic necessary services.

Inviting Countries to Submit Major Development Projects

DEVELOPMENT AREA 1 EXPORTING THE CREATIVE INDUSTRY

In its So Paulo Consensus of 2004, UNCTADXI estimated that the creative industries from art crafts, music recordings, and cinema and television to fashion, multimedia and software, now account for 7% of world GDP and about 4% of that in the case of low and middleincome countries. Worldwide it is expected that the creative economy will reach 11% of world output by 2015. These figures probably underestimate the international flows of creative goods and services due to data shortcomings. Only recently the evolving concept of "creative economy" has been recognized as a source of wealth, a means of generating employment, revenue and export earnings. This segment invites countries and industries to a joint strategy meeting to propel a new vision to develop a newly recognized sector.