1.1 © 2010 by Prentice Hall
THE OVERSEAS
FILIPINO NATION (OFN)
• The Filipino diaspora is a virtual country –
the OVERSEAS...
1.2 © 2010 by Prentice Hall
THE OVERSEAS
FILIPINO NATION (OFN)
• Official BSP records show that total
remittances in 2009 ...
1.3 © 2010 by Prentice Hall
MOBILIZING THE
OVERSEAS FILIPINO NATION (OFN)
• The Aquino Administration can and
should drama...
1.4 © 2010 by Prentice Hall
Mobilizing the OFN
• Bayan Ko Bonds are a way of leveraging the patriotic
zeal and generosity ...
1.5 © 2010 by Prentice Hall
Why Not!
• Harnessing the potential of the OFN as
a major force for development has been
large...
1.6 © 2010 by Prentice Hall
Why Not!
• BKBs can productively engage the OFN
to work on a common cause that can
have a dire...
1.6 © 2010 by Prentice Hall
Why Not!
• BKBs can productively engage the OFN
to work on a common cause that can
have a dire...
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Gil Ramos on Bayan Ko Bonds at E-2010 - Nov. 20, 2010

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The E-2010 Post-Conference Report can be found at http://naffaar8.com/e-2010-post-event-report/

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Gil Ramos on Bayan Ko Bonds at E-2010 - Nov. 20, 2010

  1. 1. 1.1 © 2010 by Prentice Hall THE OVERSEAS FILIPINO NATION (OFN) • The Filipino diaspora is a virtual country – the OVERSEAS FILIPINO NATION • Total estimated income of Overseas Filipinos is estimated to be US$493 billion • This is more than double the Philippine GDP of $180 billion • In terms of world GDP levels, the OFN ranks between 19th ranked Switzerland and 20th ranked Belgium
  2. 2. 1.2 © 2010 by Prentice Hall THE OVERSEAS FILIPINO NATION (OFN) • Official BSP records show that total remittances in 2009 from Overseas Filipinos reached US$ 17.3 billion and this is projected to increase to US$18.5 billion in 2010 • Remittances from overseas Filipinos is the second largest source of foreign exchange for the Philippines • 75% of remittances comes from Filipinos in the U.S. • Remittances are mostly consumption-driven
  3. 3. 1.3 © 2010 by Prentice Hall MOBILIZING THE OVERSEAS FILIPINO NATION (OFN) • The Aquino Administration can and should dramatically increase these remittances by : providing an investment vehicle to tap into the assets of the OFN appealing to the patriotism of the OFN and our desire to help and contribute to the development of the Philippines
  4. 4. 1.4 © 2010 by Prentice Hall Mobilizing the OFN • Bayan Ko Bonds are a way of leveraging the patriotic zeal and generosity of the OFN to help the Motherland. • It offers a means to satisfy the OFN’s altruistic desire while earning a satisfactory rate of return and therefore provide opportunity to raise more money • The track records of Israel and India in distributing diaspora bonds show the viability and attractivenes of this financial vehicle successfully raising close to $40 billion over the years
  5. 5. 1.5 © 2010 by Prentice Hall Why Not! • Harnessing the potential of the OFN as a major force for development has been largely untapped. • BKB is an innovation that can help fulfill President Aquino’s call for Public-Private Partnership between the Philippine Government and the OFN.
  6. 6. 1.6 © 2010 by Prentice Hall Why Not! • BKBs can productively engage the OFN to work on a common cause that can have a direct and sustained impact on Philippine economic growth. • If Israel and India can do it, why not the Philippines!
  7. 7. 1.6 © 2010 by Prentice Hall Why Not! • BKBs can productively engage the OFN to work on a common cause that can have a direct and sustained impact on Philippine economic growth. • If Israel and India can do it, why not the Philippines!

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