Gibril Faal

Introduction to RemitAid™: Remittance Match Funding and Remittance Tax Relief

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Remittances have a number of economic and socio-political benefits relevant to development. We have analysed the range of direct, indirect, micro and macro-economic benefits, but have also identified the negative effects inherent in diaspora and migrant remittances. Consequently, we have designed a scheme (i.e. RemitAid™), which mitigates the negative impacts and structural imperfections, whilst optimising the positive impacts of remittances. RemitAid™ proposes that actual remittances sent to Less Developed Countries (LDCs) for activities falling within Millennium Development Goals (MDGs) and charitable activities, should trigger government co-funding in OECD countries. The co-funding can be in the form of match funding and/or community (i.e. pooled) tax rebates – managed by a new agency RemitAid™ Development Fund (RDF). The funds shall be treated as endowment capital to generate income for grants and investment in diaspora and development activities in LDCs.

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Mitigating the Structural Imperfections and Negative Impacts of Remittances

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The World Bank reports that in 2005 remittances to developing countries sent through formal financial channels was about US$167 billion. A consensus has now emerged that remittances are an important form of international development finance. We argue that remittances are particularly important for sustainable development because the process involves self-help by people who originated from developing countries.

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Introduction to RemitAid?: Remittance Match Funding and Remittance Tax Relief

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Remittances have a number of economic and socio-political benefits relevant to development. We have analysed the range of direct, indirect, micro and macro-economic benefits, but have also identified the negative effects inherent in diaspora and migrant remittances. Consequently, we have designed a scheme (i.e. RemitAid™), which mitigates the negative impacts and structural imperfections, whilst optimising the positive impacts of remittances. RemitAid™ proposes that actual remittances sent to Less Developed Countries (LDCs) for activities falling within Millennium Development Goals (MDGs) and charitable activities, should trigger government co-funding in OECD countries. The co-funding can be in the form of match funding and/or community (i.e. pooled) tax rebates – managed by a new agency RemitAid™ Development Fund (RDF). The funds shall be treated as endowment capital to generate income for grants and investment in diaspora and development activities in LDCs.

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Optimising Actual, Virtual and Circular Diaspora Return?

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The main aims of the training are: • Understand the nature and processes of actual, virtual and circular return • Gain skills required to facilitate productive diaspora return • Understand how to effectively support sustainable diaspora return The main topics covered in DAY 1 are: • Understanding productive diaspora return: actual, virtual and circular • Return to set up commercial or social enterprise • Return to take up public or private sector job or role • Return for semi or full retirement The main topics covered in DAY 2 are: • The key conceptual and practical challenges to diaspora return • Government policy priorities to optimise productive diaspora return • Stakeholder best practices to optimise productive diaspora return

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Gibril Faal urges the United Nations to prioritise implementation and operations

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On 19 September 2016, Gibril Faal, the Interim Director of ADEPT and Director of GK Partners, was one of the leaders from non-state institutions, organisations and agencies who spoke at the United Nations Summit for Refugees and Migrants, held at the UN General Assembly in New York. He was on the ‘Roundtable on International Cooperation and Action: The Way Ahead’, which was co-chaired by Prime Minster Justin Trudeau of Canada and Queen Rania of Jordan.

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