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DRAFT SUMMARY
United Nations, New York, NY 10017  19 September 2014
Original: English
2014 World Forum on the Diaspora Economy—Conference to be
held at the United Nations on September 19 2014 ahead of the
annual Week of the General Assembly and to become a partner of
the Financing for Development movement.
Developer: Xen Pi Capital Investments
Harvey Dupiton
Executive Secretary
777 UN Plaza, New York, NY 10017
The Financing for Development Business
Advisory Group
Contact by email:
secretariat@financingfordevelopment.com
OCCASIONOFTHE2014WORLDFORUMON
THEDIASPORAECONOMY
September2014
TheFinancingforDevelopment
GlobalInvestmentFund
Promoting Initiatives from
B u s i n e s s
In Support of United Nations Financing
for Development
Submitted to Government
Authority
Project Status
field experts
Technology, Industry Sector Analysts,
Investment Analyst, Economics, Legal, Media,
Corporate Finance and Accounting,
International Policy, Governance.
growing FfD
UN-BUSINESS MONTHLY:
DRAFT FOR GENERAL DISCUSSION AT PREP1
Membership opportunity for the Business Leadership
Commission. This privilege will allow you to lend your influence
and advice to the international community on the broad issue of
Financing for Development and our work on “Diaspora Economy
Investing”- a new field of investment to be introduced at the
conference.
Collaborative opportunity in the Financing for Development
Fund Project. We are looking for Project Development Partners,
Affiliates, Strategic Partners, Solution Providers, Consultants and
Project team leaders from a wide range of expertise:
marketing
Domestic Markets (US), North
America, Emerging Markets, Asian
Markets, Latin America and the
Caribbean, Africa and the Middle East,
Western Europe, Eastern Europe and
the Pacific.
industry
Telecom Wireless & International Payments, Ecommerce
& Social Media, Banking and Financial Services, Food
Services & Global Consumer Goods, Real Estate
Development and Tourism, Media and Entertainment,
Energy, Public Infrastructure, and Bonds
PREFACE
The five year-old (plus two) process of global campaign, information gathering, private sector consultations and partnership-
building led by Xen Pi Co. & Associates in conjunction with the Financing for Development Business Advisory Group that paved
the way for the creation of the Financing for Development Fund Project was motivated by the Diaspora Economy initiative
launched at the United Nations since 2009. The process benefited from the input of many over the span of time.
The author would like to thank the following people for their guidance and comments in the drafting of this paper. Countries
involved at the United Nations either in the World Forum on the Diaspora Economy or Word Telecom Day of earlier years,
included Benin, Liberia, Dominican Republic, Yemen, Iraq, Guyana, Serbia, Ethiopia, Turkey, Finland, Haiti, Guinea Bissau,
Indonesia, Egypt, Romania, India, Ukraine, Israel, Kenya, Philippines, Guatemala, Nigeria, Bahrain, Barbados, Trinidad & Tobago,
U.S, Pakistan, South Africa, Croatia, the African Union (AU). Also from the United Nations have been the Office of the President
of the General Assembly, the President of G77, the Group Chair on the Least Developed Countries (LDCs), the Office of the
Special Advisor on Africa, UN Global Compact, the ITU, UN-GAID, UNCTAD, UNCDF, IOM. Elsewhere, Charles Blitzer (Worldbank
IFC), Mamadou Toure (Worldbank), Sarbuland Khan, Consultant UNWTO, Carlos Corraza (World Bank), Dilip Ratha (World Bank),
Stephany Griffith Jones (Columbia University SIP), James T. Lap (Columbia University), Gary Bolles, Microcast/ Xigi, David Leblang
(University of Virginia), Richard Ottoo (Pace School of Finance), Heather Hudson (University of San Francisco), Mike Collins
(Texas A&M University), Hugh Fox (New School for Social Sciences and Research), Teboho Moja, New York University, Alex Rias,
NYC Black Latino Asian Caucus, Toni Symonds, California State Assembly, South South News, Jacques Dussek, NTS News, Diego
Molano Vega, Telefonica, Adrian Van Meerbeeck, NTT DoCoMo USA, Lawrence Codacovi (former MCI), Randolf St Leger,
Cognitre, Susanna Groves, Migration Policy Institute, Edward Bergman, Africa Travel Association, Anushay Said, difrent, Frances
Ndika, UN-NGO, Frantz Reid, Law Offices of Reid & Associates, Richard Lefave (former Sprint), Sujit K. Verma, (former) State Bank
of India, Frederic Bijou, Multi-lateral Diplomacy Consultant, Jose Manuel Mendoza, Consultant, Clovis J Baptista (Inter-American
Telecommunications Commission), Rose Sager, Embassy of the Kingdom of Bahrain, Daniel Schwartz, former Government of
Israel’s Director of Investment, Irma Loemban Tobing-Klein, (former) UN Ambassador, MDG Global Watch, Emmanuel Goued
Njayick, (former head of Africa office) United Nations, Ria Burgess, Academia, Delois Blakely, New Future Foundation, Wallace
Ford, Ford Works & Associates, Darly Coupet, TSGI, Joyce Moy, CUNY Asian American/ Asian Research Institute, Nakul Rege, The
Bankai Group, Sybil Reymundo-Santiago, Soho Film Festival, Oliver Oscar Mbamara, Attorney and Film-maker, Yves Joseph,
Tabou Combo, Carlyle McKetty, Coalition for the Preservation of Reggae, Lorli Villanueva, Touro College, Oscar de Rojas (former
head of the UN FfD Office), Patrick Beckford & Lisa Soares, (US-North East Jamaica Diaspora), Wale I. Ajibade, African Views, Pat
Jennings, Nia Collective, Tamar Roth-Drach, (former) Government of Israel, Staci Alziebler-Perkins, (former) World Federalist
Movement Institute, Sophony St Cloud Lamour, UN-NGO, Nakul Rege, The Bankai Group, Antonio Castillo Holgado, Telefonica,
NY CEO State Bank of India, Vijay Chemuturi, KPMG, Allison McEachron, Business Council for the United Nations, Joy Elliott,
(Retired) Reuters, Matt Le-khac, An Choi, Lawanda Kamara, KIA Intl, Isaiah Chabala, (former UN Ambassador), Anand
Radhakrishnan, Investcorp, Richard Jordan, UN-NGO, Tequila Minsky, Photographer, Writer, Judith O’Neill, Greenberg Traurig
(former), PT Tan, Greenberg Traurig (former), Greg Makoff, Citigroup Global Markets, Muriel Glasgow, MG Associates, Oumar
Diaw Seck, Artist.
SPECIAL ACKNOWLEDGEMENT
Special thanks and gratitude to His Excellency, Jean Francis Zinsou, Permanent Representative of Benin to the United Nations
and Group Chair of the Least Developed Countries for his steadfast support of the forum since its inception in 2009.
COVER IMAGE
Pat Jennings | nia.collective | Shutterstock.com
DISCLAIMER
The views expressed in this publication are those of the authors and do not necessarily represent those of the institutions to
which they are affiliated or the United Nations or its Member States.
CONTENTS
1.0 BACKGROUND.......................................................................................................................................................................................5
1.1 UNITED NATIONS REMAKING HISTORY........................................................................................................................................................5
1.2 CLOSING THE FINANCING FOR DEVELOPMENT GAP.........................................................................................................................................5
2.0 STRUCTURE OF PROJECT.......................................................................................................................................................................7
3.0 CREATION OF THE FINANCING FOR DEVELOPMENT FUNDS .................................................................................................................8
4.0 ORGANIZATION OF THE FINANCING FOR DEVELOPMENT FUND - SUPPORT PROJECT........................................................................10
5.0 STRATEGY OF COOPERATION OF THE FUND .......................................................................................................................................10
6.0 THE LEAD INVESTMENT PROJECTS OF THE FFD-DIASPORA ECONOMY INVESTING FUND...................................................................10
The Financing for Development Global Investment Fund
DRAFT SUMMARY
1.0 BACKGROUND
1.1 UNITED NATIONS REMAKING HISTORY
The Financing for Development Agenda (FfD) at Present and Beyond 2015
In 2002 the United Nations made history. World governments in participation with the World Bank, the
International Monetary Fund and the World Trade Organization cemented a partnership between developed
and developing countries adopting the “Monterrey Consensus on Financing for Development (FfD)”.
From the perspective of an international policy initiative, the Monterrey Consensus represented a defining
moment in international economic cooperation on principles regarding trade, aid, debt, private cross-border
investment, international financial architecture and domestic fiscal management and resource mobilization. It
demonstrated the international community’s collective strength as well as its clear understanding of how to
enhance and mobilize resources to address the financing for development gap that affects many countries.
2015 being the international community’s target date to achieve past objectives and forge a new vision beyond
with an emphasis on job creation, income equality and inclusive growth, the decision was reached by the
Financing for Development Business Advisory Group at its 2013 World Forum on the Diaspora Economy to
launch a global investment on Financing for Development.
1.2 CLOSING THE FINANCING FOR DEVELOPMENT GAP
Several factors in 2013 made the decision for a global investment fund on FfD timely:
i) The new impetus to place Economic Development and Job Creation at the heart of national
development goals.
ii) Three Pillars of challenge and opportunities having been identified as key to the future of Financing for
Development We All Want (across regions):
Public Infrastructure Development : A core requirement of all societies.
Renewable Energy Investing: Driven by the Sustainable Energy for All (SE4ALL) initiative of the Secretary
General of the United Nations launched in 2011.
Diaspora Economy Investing: A new model for economic development, developed by Xen Pi Co. &
Associates in the interest of countries North and South, sharing the interest of growing population of
immigrants and their (transnational) purchasing power as a global consumer.
iii) A fast closing window of opportunity before 2015 to engage countries signatory to FfD into collective
and concerted action on the three pillars.
iv) Our core asset to leverage the cumulative strength of the United Nations and its network of
governments, the Multi-lateral Development Banks (MDBs), to create Public Private Partnerships that
cut across sectors, industries and constituencies.
The Financing for Development Global Investment Fund
DRAFT SUMMARY
Fig.1 | Key to Future of Financing for Development: Three Pillars have been identified
Public
Infrastructure
Development
A corerequirement of all
societies
Renewable Energy Investing
Driven by the Sustainable
Energy for All (SE4ALL)
initiative of the U.N. Secretary
General
DiasporaEconomyInvesting
A new model for economic
development, developed by
Xen Pi Co. & Associates
CHALLENGES AND OPPORTUNITIES
The Financing for Development Global Investment Fund
DRAFT SUMMARY
2.0 STRUCTURE OF PROJECT
Fig. 2 | Goals: Mobilize International Private Flows,
Foreign Direct Investments and Domestic Financial Resources
The diagram above shows overall plans under the FFD-Fund Project to mobilize constituencies behind the
development of a family of funds or a series of funds targeting investments in three principal areas identified as
key to bridge the financing gaps in: Public Infrastructure, Renewable Energy and the Diaspora (Consumer)
Economy.
Though not shown in the diagram, implementation of the FFD-Fund Project will be carried out by two principal
organs: A University-funded Program at a Partner Institution and an Investment Company.
Financing for
Development Fund
Fund I
Diaspora Economy Investing
P R O J E C T S
Fund II
Public Infrastructure
Fund III
Renewable Energy
I N V E S T O R S / BONDS
Business Leadership
Commission GovernmentLeadership
Affiliates Development
Cooperation Partners
Board of Advisors Assembly of Governors
The Financing for Development Global Investment Fund
DRAFT SUMMARY
3.0 CREATION OF THE FINANCING FOR DEVELOPMENT FUNDS
(as shown in Figure 3)
FUND I IS AN FFD-DIASPORA ECONOMY INVESTING FUND. The upcoming 2014 World Forum on the
Diaspora Economy on September 19 2014, in brief, will discuss the economic benefits of a fund to be launched
within the year with a set target of $ US 2 billion at launch time.
The fund shall have two main points of presence in two major-host countries (North-America & the Western
Europe) interacting with country fund and investors based in Diaspora countries of origin covering Asia, Eastern
Europe, Latin America, the Middle East, and Africa.
FUND II IS AN FFD-PUBLIC INFRASTRUCTURE FUND. Negotiations are taking place to establish the fund as
product of the Financing for Development Fund family of funds.
FUND III IS AN FFD- RENEWABLE INVESTING FUND. Also in negotiations to integrate the Renewable Energy
Investing fund as a complement of the Financing for Development family of funds.
MANAGEMENT OF THE FUND. An investment company is being organized as a joint venture to pool
investments behind the Financing for Development Funds. Xen Pi Capital Group, having a specific interest in
the Diaspora Economy Investing Fund is responsible for promoting and procuring global partners to be involved
in the venture. The company will be assisted by a Board of Directors and Advisors acting as a steering body.
PROJECT CONSULTING. Refers to Global Financial Services, Global Consumer Goods, Sovereign Debt, Project
Financing.
GOVERNMENT PARTICIPATION. The Funds shall be assisted by an Assembly of Governors composed of
government authorities who provide policy advice.
The Financing for Development Global Investment Fund
DRAFT SUMMARY
Fig. 3 | Activities That Can Be Supported by Financing for Development Funds
The Financing for Development Global Investment Fund
DRAFT SUMMARY
4.0 ORGANIZATION OF THE FINANCING FOR DEVELOPMENT FUND - SUPPORT PROJECT
The Financing for Development Fund - Support Project shall be organized initially as a funded program under the
fiscal responsibility of a partner academic institution.
Its main objectives:
 Sustain the international campaign on Financing for Development.
 Encourage policy and research collaboration.
 Support the work of a Business Leadership Commission currently being formed.
5.0 STRATEGY OF COOPERATION OF THE FUND
The Fund will cooperate with country funds as well as state-owned or private entities. Partnership will be
developed with UN agencies ( UNU, UNDP , UNESCO, UNWTO, ITU, ILO, UNWOMEN, UNCTAD/UNIDO, UNCDF)
to establish programs on the ground that enhance development objectives in the areas of SMEs, Women
Economic Empowerment, Community Cooperation, Universal Connectivity and Access, Universal Education,
Vocational Education.
6.0 THE LEAD INVESTMENT PROJECTS OF THE FfD-DIASPORA ECONOMY INVESTING FUND
Three areas of Public-Private Partnership Opportunities have been identified as Lead Investment Projects of the
Fund.
 Targeting telecom, FfD plans to build infrastructure channels linking countries and people to a
Universal Service network serving as an entry point to other types of global financial services.
 Targeting the Creative Industry, FfD has plans for a multi-stakeholder collaboration to export diverse
countries’ music and films.
 On the drafting board still are plans for Tourism destinations custom-tailored to the needs of the
market.
Industry Sector coverage: Cellular, satellites, cable, ICT, banking, private equity, agriculture, media,
entertainment, social media, e-commerce, real estate, tourism, consumer goods, retail and financial services,
Transportation: multi-modal and transport services, port terminals, roads, and airports, Water, Sanitation and
Environmental Services.
The Financing for Development Global Investment Fund
DRAFT SUMMARY
11
Diaspora Economy
Investing
A new model for economic
development, developed by
Xen Pi Co. & Associates
in the interest of countries
North and South, sharing
the interest of growing
population of immigrants
and their (transnational)
purchasing power as a
global consumer
Public
Infrastructure
Investing
A core requirement of all
societies—Roads, Port
Systems, Electricity,
Universal Service, Water,
Sanitation,
Communications, Housing
Renewable Energy
Investing
Driven by the Sustainable
Energy for All (SE4ALL)
initiative of the Secretary
General of the United
Nations launched in 2011
Promoting Initiatives from Business in support of the United Nations Financing for
Development Agenda
Please provide comments and recommendations for future updates to
this strategic plan to:
Mr. Harvey Dupiton, Exec. Secretary
777 UN Plaza, New York, NY 10017
The Financing for Development
Business Advisory Group
Tel: +1 (650) 681-9336
Website:
www.financingfordevelopment.com
email:
secretariat@financingfordevelopment.com

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PD2014 FFD_FUND_PROJECT Draft 9-2

  • 1. DRAFT SUMMARY United Nations, New York, NY 10017  19 September 2014 Original: English 2014 World Forum on the Diaspora Economy—Conference to be held at the United Nations on September 19 2014 ahead of the annual Week of the General Assembly and to become a partner of the Financing for Development movement. Developer: Xen Pi Capital Investments Harvey Dupiton Executive Secretary 777 UN Plaza, New York, NY 10017 The Financing for Development Business Advisory Group Contact by email: secretariat@financingfordevelopment.com OCCASIONOFTHE2014WORLDFORUMON THEDIASPORAECONOMY September2014 TheFinancingforDevelopment GlobalInvestmentFund
  • 2. Promoting Initiatives from B u s i n e s s In Support of United Nations Financing for Development Submitted to Government Authority Project Status field experts Technology, Industry Sector Analysts, Investment Analyst, Economics, Legal, Media, Corporate Finance and Accounting, International Policy, Governance. growing FfD UN-BUSINESS MONTHLY: DRAFT FOR GENERAL DISCUSSION AT PREP1 Membership opportunity for the Business Leadership Commission. This privilege will allow you to lend your influence and advice to the international community on the broad issue of Financing for Development and our work on “Diaspora Economy Investing”- a new field of investment to be introduced at the conference. Collaborative opportunity in the Financing for Development Fund Project. We are looking for Project Development Partners, Affiliates, Strategic Partners, Solution Providers, Consultants and Project team leaders from a wide range of expertise: marketing Domestic Markets (US), North America, Emerging Markets, Asian Markets, Latin America and the Caribbean, Africa and the Middle East, Western Europe, Eastern Europe and the Pacific. industry Telecom Wireless & International Payments, Ecommerce & Social Media, Banking and Financial Services, Food Services & Global Consumer Goods, Real Estate Development and Tourism, Media and Entertainment, Energy, Public Infrastructure, and Bonds
  • 3. PREFACE The five year-old (plus two) process of global campaign, information gathering, private sector consultations and partnership- building led by Xen Pi Co. & Associates in conjunction with the Financing for Development Business Advisory Group that paved the way for the creation of the Financing for Development Fund Project was motivated by the Diaspora Economy initiative launched at the United Nations since 2009. The process benefited from the input of many over the span of time. The author would like to thank the following people for their guidance and comments in the drafting of this paper. Countries involved at the United Nations either in the World Forum on the Diaspora Economy or Word Telecom Day of earlier years, included Benin, Liberia, Dominican Republic, Yemen, Iraq, Guyana, Serbia, Ethiopia, Turkey, Finland, Haiti, Guinea Bissau, Indonesia, Egypt, Romania, India, Ukraine, Israel, Kenya, Philippines, Guatemala, Nigeria, Bahrain, Barbados, Trinidad & Tobago, U.S, Pakistan, South Africa, Croatia, the African Union (AU). Also from the United Nations have been the Office of the President of the General Assembly, the President of G77, the Group Chair on the Least Developed Countries (LDCs), the Office of the Special Advisor on Africa, UN Global Compact, the ITU, UN-GAID, UNCTAD, UNCDF, IOM. Elsewhere, Charles Blitzer (Worldbank IFC), Mamadou Toure (Worldbank), Sarbuland Khan, Consultant UNWTO, Carlos Corraza (World Bank), Dilip Ratha (World Bank), Stephany Griffith Jones (Columbia University SIP), James T. Lap (Columbia University), Gary Bolles, Microcast/ Xigi, David Leblang (University of Virginia), Richard Ottoo (Pace School of Finance), Heather Hudson (University of San Francisco), Mike Collins (Texas A&M University), Hugh Fox (New School for Social Sciences and Research), Teboho Moja, New York University, Alex Rias, NYC Black Latino Asian Caucus, Toni Symonds, California State Assembly, South South News, Jacques Dussek, NTS News, Diego Molano Vega, Telefonica, Adrian Van Meerbeeck, NTT DoCoMo USA, Lawrence Codacovi (former MCI), Randolf St Leger, Cognitre, Susanna Groves, Migration Policy Institute, Edward Bergman, Africa Travel Association, Anushay Said, difrent, Frances Ndika, UN-NGO, Frantz Reid, Law Offices of Reid & Associates, Richard Lefave (former Sprint), Sujit K. Verma, (former) State Bank of India, Frederic Bijou, Multi-lateral Diplomacy Consultant, Jose Manuel Mendoza, Consultant, Clovis J Baptista (Inter-American Telecommunications Commission), Rose Sager, Embassy of the Kingdom of Bahrain, Daniel Schwartz, former Government of Israel’s Director of Investment, Irma Loemban Tobing-Klein, (former) UN Ambassador, MDG Global Watch, Emmanuel Goued Njayick, (former head of Africa office) United Nations, Ria Burgess, Academia, Delois Blakely, New Future Foundation, Wallace Ford, Ford Works & Associates, Darly Coupet, TSGI, Joyce Moy, CUNY Asian American/ Asian Research Institute, Nakul Rege, The Bankai Group, Sybil Reymundo-Santiago, Soho Film Festival, Oliver Oscar Mbamara, Attorney and Film-maker, Yves Joseph, Tabou Combo, Carlyle McKetty, Coalition for the Preservation of Reggae, Lorli Villanueva, Touro College, Oscar de Rojas (former head of the UN FfD Office), Patrick Beckford & Lisa Soares, (US-North East Jamaica Diaspora), Wale I. Ajibade, African Views, Pat Jennings, Nia Collective, Tamar Roth-Drach, (former) Government of Israel, Staci Alziebler-Perkins, (former) World Federalist Movement Institute, Sophony St Cloud Lamour, UN-NGO, Nakul Rege, The Bankai Group, Antonio Castillo Holgado, Telefonica, NY CEO State Bank of India, Vijay Chemuturi, KPMG, Allison McEachron, Business Council for the United Nations, Joy Elliott, (Retired) Reuters, Matt Le-khac, An Choi, Lawanda Kamara, KIA Intl, Isaiah Chabala, (former UN Ambassador), Anand Radhakrishnan, Investcorp, Richard Jordan, UN-NGO, Tequila Minsky, Photographer, Writer, Judith O’Neill, Greenberg Traurig (former), PT Tan, Greenberg Traurig (former), Greg Makoff, Citigroup Global Markets, Muriel Glasgow, MG Associates, Oumar Diaw Seck, Artist. SPECIAL ACKNOWLEDGEMENT Special thanks and gratitude to His Excellency, Jean Francis Zinsou, Permanent Representative of Benin to the United Nations and Group Chair of the Least Developed Countries for his steadfast support of the forum since its inception in 2009. COVER IMAGE Pat Jennings | nia.collective | Shutterstock.com DISCLAIMER The views expressed in this publication are those of the authors and do not necessarily represent those of the institutions to which they are affiliated or the United Nations or its Member States.
  • 4. CONTENTS 1.0 BACKGROUND.......................................................................................................................................................................................5 1.1 UNITED NATIONS REMAKING HISTORY........................................................................................................................................................5 1.2 CLOSING THE FINANCING FOR DEVELOPMENT GAP.........................................................................................................................................5 2.0 STRUCTURE OF PROJECT.......................................................................................................................................................................7 3.0 CREATION OF THE FINANCING FOR DEVELOPMENT FUNDS .................................................................................................................8 4.0 ORGANIZATION OF THE FINANCING FOR DEVELOPMENT FUND - SUPPORT PROJECT........................................................................10 5.0 STRATEGY OF COOPERATION OF THE FUND .......................................................................................................................................10 6.0 THE LEAD INVESTMENT PROJECTS OF THE FFD-DIASPORA ECONOMY INVESTING FUND...................................................................10
  • 5. The Financing for Development Global Investment Fund DRAFT SUMMARY 1.0 BACKGROUND 1.1 UNITED NATIONS REMAKING HISTORY The Financing for Development Agenda (FfD) at Present and Beyond 2015 In 2002 the United Nations made history. World governments in participation with the World Bank, the International Monetary Fund and the World Trade Organization cemented a partnership between developed and developing countries adopting the “Monterrey Consensus on Financing for Development (FfD)”. From the perspective of an international policy initiative, the Monterrey Consensus represented a defining moment in international economic cooperation on principles regarding trade, aid, debt, private cross-border investment, international financial architecture and domestic fiscal management and resource mobilization. It demonstrated the international community’s collective strength as well as its clear understanding of how to enhance and mobilize resources to address the financing for development gap that affects many countries. 2015 being the international community’s target date to achieve past objectives and forge a new vision beyond with an emphasis on job creation, income equality and inclusive growth, the decision was reached by the Financing for Development Business Advisory Group at its 2013 World Forum on the Diaspora Economy to launch a global investment on Financing for Development. 1.2 CLOSING THE FINANCING FOR DEVELOPMENT GAP Several factors in 2013 made the decision for a global investment fund on FfD timely: i) The new impetus to place Economic Development and Job Creation at the heart of national development goals. ii) Three Pillars of challenge and opportunities having been identified as key to the future of Financing for Development We All Want (across regions): Public Infrastructure Development : A core requirement of all societies. Renewable Energy Investing: Driven by the Sustainable Energy for All (SE4ALL) initiative of the Secretary General of the United Nations launched in 2011. Diaspora Economy Investing: A new model for economic development, developed by Xen Pi Co. & Associates in the interest of countries North and South, sharing the interest of growing population of immigrants and their (transnational) purchasing power as a global consumer. iii) A fast closing window of opportunity before 2015 to engage countries signatory to FfD into collective and concerted action on the three pillars. iv) Our core asset to leverage the cumulative strength of the United Nations and its network of governments, the Multi-lateral Development Banks (MDBs), to create Public Private Partnerships that cut across sectors, industries and constituencies.
  • 6. The Financing for Development Global Investment Fund DRAFT SUMMARY Fig.1 | Key to Future of Financing for Development: Three Pillars have been identified Public Infrastructure Development A corerequirement of all societies Renewable Energy Investing Driven by the Sustainable Energy for All (SE4ALL) initiative of the U.N. Secretary General DiasporaEconomyInvesting A new model for economic development, developed by Xen Pi Co. & Associates CHALLENGES AND OPPORTUNITIES
  • 7. The Financing for Development Global Investment Fund DRAFT SUMMARY 2.0 STRUCTURE OF PROJECT Fig. 2 | Goals: Mobilize International Private Flows, Foreign Direct Investments and Domestic Financial Resources The diagram above shows overall plans under the FFD-Fund Project to mobilize constituencies behind the development of a family of funds or a series of funds targeting investments in three principal areas identified as key to bridge the financing gaps in: Public Infrastructure, Renewable Energy and the Diaspora (Consumer) Economy. Though not shown in the diagram, implementation of the FFD-Fund Project will be carried out by two principal organs: A University-funded Program at a Partner Institution and an Investment Company. Financing for Development Fund Fund I Diaspora Economy Investing P R O J E C T S Fund II Public Infrastructure Fund III Renewable Energy I N V E S T O R S / BONDS Business Leadership Commission GovernmentLeadership Affiliates Development Cooperation Partners Board of Advisors Assembly of Governors
  • 8. The Financing for Development Global Investment Fund DRAFT SUMMARY 3.0 CREATION OF THE FINANCING FOR DEVELOPMENT FUNDS (as shown in Figure 3) FUND I IS AN FFD-DIASPORA ECONOMY INVESTING FUND. The upcoming 2014 World Forum on the Diaspora Economy on September 19 2014, in brief, will discuss the economic benefits of a fund to be launched within the year with a set target of $ US 2 billion at launch time. The fund shall have two main points of presence in two major-host countries (North-America & the Western Europe) interacting with country fund and investors based in Diaspora countries of origin covering Asia, Eastern Europe, Latin America, the Middle East, and Africa. FUND II IS AN FFD-PUBLIC INFRASTRUCTURE FUND. Negotiations are taking place to establish the fund as product of the Financing for Development Fund family of funds. FUND III IS AN FFD- RENEWABLE INVESTING FUND. Also in negotiations to integrate the Renewable Energy Investing fund as a complement of the Financing for Development family of funds. MANAGEMENT OF THE FUND. An investment company is being organized as a joint venture to pool investments behind the Financing for Development Funds. Xen Pi Capital Group, having a specific interest in the Diaspora Economy Investing Fund is responsible for promoting and procuring global partners to be involved in the venture. The company will be assisted by a Board of Directors and Advisors acting as a steering body. PROJECT CONSULTING. Refers to Global Financial Services, Global Consumer Goods, Sovereign Debt, Project Financing. GOVERNMENT PARTICIPATION. The Funds shall be assisted by an Assembly of Governors composed of government authorities who provide policy advice.
  • 9. The Financing for Development Global Investment Fund DRAFT SUMMARY Fig. 3 | Activities That Can Be Supported by Financing for Development Funds
  • 10. The Financing for Development Global Investment Fund DRAFT SUMMARY 4.0 ORGANIZATION OF THE FINANCING FOR DEVELOPMENT FUND - SUPPORT PROJECT The Financing for Development Fund - Support Project shall be organized initially as a funded program under the fiscal responsibility of a partner academic institution. Its main objectives:  Sustain the international campaign on Financing for Development.  Encourage policy and research collaboration.  Support the work of a Business Leadership Commission currently being formed. 5.0 STRATEGY OF COOPERATION OF THE FUND The Fund will cooperate with country funds as well as state-owned or private entities. Partnership will be developed with UN agencies ( UNU, UNDP , UNESCO, UNWTO, ITU, ILO, UNWOMEN, UNCTAD/UNIDO, UNCDF) to establish programs on the ground that enhance development objectives in the areas of SMEs, Women Economic Empowerment, Community Cooperation, Universal Connectivity and Access, Universal Education, Vocational Education. 6.0 THE LEAD INVESTMENT PROJECTS OF THE FfD-DIASPORA ECONOMY INVESTING FUND Three areas of Public-Private Partnership Opportunities have been identified as Lead Investment Projects of the Fund.  Targeting telecom, FfD plans to build infrastructure channels linking countries and people to a Universal Service network serving as an entry point to other types of global financial services.  Targeting the Creative Industry, FfD has plans for a multi-stakeholder collaboration to export diverse countries’ music and films.  On the drafting board still are plans for Tourism destinations custom-tailored to the needs of the market. Industry Sector coverage: Cellular, satellites, cable, ICT, banking, private equity, agriculture, media, entertainment, social media, e-commerce, real estate, tourism, consumer goods, retail and financial services, Transportation: multi-modal and transport services, port terminals, roads, and airports, Water, Sanitation and Environmental Services.
  • 11. The Financing for Development Global Investment Fund DRAFT SUMMARY 11 Diaspora Economy Investing A new model for economic development, developed by Xen Pi Co. & Associates in the interest of countries North and South, sharing the interest of growing population of immigrants and their (transnational) purchasing power as a global consumer Public Infrastructure Investing A core requirement of all societies—Roads, Port Systems, Electricity, Universal Service, Water, Sanitation, Communications, Housing Renewable Energy Investing Driven by the Sustainable Energy for All (SE4ALL) initiative of the Secretary General of the United Nations launched in 2011 Promoting Initiatives from Business in support of the United Nations Financing for Development Agenda Please provide comments and recommendations for future updates to this strategic plan to: Mr. Harvey Dupiton, Exec. Secretary 777 UN Plaza, New York, NY 10017 The Financing for Development Business Advisory Group Tel: +1 (650) 681-9336 Website: www.financingfordevelopment.com email: secretariat@financingfordevelopment.com