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Diaspora for Development in Africa

Monday, June 6 at 12:30pm in JB1-080 Auditorium

While migrant remittances to Africa exceeded US$40 billion in 2010, the potential contribution of the diaspora to the continent’s development goes much beyond personal remittances. Those contributions range from collective remittances that assist in philanthropic activities to knowledge exchange, increased trade links, and better access to foreign capital markets. It is estimated that the African diasporas save US$53 billion annually, most of which is currently invested outside Africa and which could potentially be mobilized for Africa via instruments such as diaspora bonds. The books aims to consolidate research and evidence on how the diaspora of developing countries can be a potent force for development for their countries of origin with a view to formulating policies in both sending and receiving countries. Policies to maximize the benefits of the diaspora will be discussed. These policies will be of interest to migration scholars and policy makers worldwide.

Please enter through the InfoShop, on the southeast corner of 18th Street and Pennsylvania Ave, NW or through the lobby, 701 18th Street NW.

CHAIR
Otaviano Canuto
Vice President & Head of Network, Poverty Reduction & Economic Management, World Bank

AUTHORS
Dilip Ratha
Lead Economist and Manager, Migration & Remittances Unit, World Bank

Sonia Plaza
Senior Economist, Migration & Remittances Unit, World Bank

DISCUSSANT
Karen D Turner
Director, Office of Development Partners, USAID

To RSVP, click here or email infoshopevents@worldbank.org.

For panelist biographies, see below.

CHAIR:
Otaviano Canuto
Vice President & Head of Network, Poverty Reduction & Economic Management, World Bank
Mr. Canuto is Vice President and Head of the Poverty Reduction and Economic Management (PREM) Network, a division of more than 700 economists and other professionals working on economic policy, poverty reduction, and analytic work for the World Bank’s client countries. He took up his position on May 4, 2009, after serving as the Vice President for Countries at the Inter-American Development Bank since June 2007. Mr. Canuto provides strategic leadership and direction to Regional PREM units as well as groups working on economic policy formulation in the area of growth and poverty, debt, trade, gender, and public sector management and governance. He is also involved in managing the Bank’s overall interactions with key partner institutions including the IMF, the OECD and regional development banks. Mr. Canuto was Executive Director at the Board of the World Bank in 2004-2007. He also served in the Brazilian Ministry of Finance, where he was Secretary for International Affairs. He was Professor of Economics at the University of São Paulo and University of Campinas (UNICAMP) in Brazil.

AUTHORS:
Dilip Ratha
Lead Economist and Manager, Migration & Remittances Unit, World Bank
Mr. Ratha is a Lead Economist and the Manager of the Migration and Remittances Unit at the World Bank in Washington, DC. He acts as a focal point for the World Bank’s activities and international partnerships on migration and development. Mr. Ratha also leads the Migrating out of Poverty research consortium, a multidisciplinary collaboration among six universities and research institutions in Africa, Asia, and Europe. He has advised many governments and international forums including the Global Forum on Migration and Development, the Global Remittances Working Group, and World Economic Forum Global Agenda Council on migration. His expertise includes migration, remittances, and innovative financing. Prior to joining the World Bank, he was a regional economist for Asia at Credit Agricole Indosuez, Singapore; an assistant professor of economics at the Indian Institute of Management, Ahmedabad; and an economist at the Policy Group, New Delhi.

Sonia Plaza
Senior Economist, Migration & Remittances Unit, World Bank
Ms. Plaza is a Senior Economist in the Development Economics Prospects Group of the World Bank. She has worked on science and technology projects in Latin American and coauthored a major analytical survey of migration and development for the Africa region. She was a core member of the group that produced the book, Africa’s Silk Road: China and India’s New Economic Frontier, and wrote chapter 5, which includes sections on market information through ethnic networks and migration, and diaspora contributions in innovation, technology, and skills transfer and regional trade agreements. She advises many universities on the transfer of skills and tapping into their diasporas. Initially, Ms. Plaza joined Chase Manhattan Bank. She was then invited to join the Peruvian Ministry of Trade as a manager responsible for countertrade and debt swap agreements. She negotiated Peruvian external debt and trade agreements. She was Professor of Economics (International Economics) at the Peruvian School of Foreign Service and at the University of Lima in Peru, and was adjunct faculty (Microeconomics and Macroeconomics) at The American University in Washington, DC. She joined the Institute for the Study of Labor (IZA) as a Research Fellow in February 2010.

DISCUSSANT:
Karen D Turner
Director, Office of Development Partners, USAID
Ms. Turner is Director of USAID's Office of Development Partners, which has responsibility for private sector alliance building, liaison with the Millennium Challenge Corporation, and relationships with bilateral and multilateral development institutions. Ms. Turner has served at USAID since 1985, working initially as a legal advisor in the General Counsel's Office and then as a regional legal advisor in USAID Missions in Egypt and India. She has also served in USAID management positions as AID Representative for the West Bank, Deputy Mission Director in USAID/Indonesia, Deputy Assistant Administrator for the Asia Near East Bureau, and most recently as the Mission Director for USAID/Jamaica. Prior to USAID, Ms. Turner was in private law practice with Shearman & Sterling in New York. In 2007, she was promoted to Career Minister, USAID's highest career Foreign Service level.

 




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