As the Somali regions continue to emerge from decades of civil war, investment is expanding, banks are opening their doors, and Somali exports are increasingly finding markets. Those most anxious to embrace the growing Somali private sector and encourage expansion of Somali product exports to foreign markets are members of the Somali diaspora around the world. Through remittances and small investments, these individuals provide a critical lifeline for individuals in the Somali regions, as well as for businesses. As the political climate stabilizes, many diaspora members are contemplating how and when to make investments. In an effort to facilitate positive growth, the international community is seeking insight into the Somali investment climate, investor interests, and potential mechanisms for encouraging diaspora investment.
Given the overall lack of data offering guidance on the subject, the International Fund for Agricultural Development (IFAD) commissioned Shuraako (a program of the One Earth Future Foundation) to conduct the Somali Diaspora Investment Survey. The survey gathered information about the preferences and behaviors of Somalis and the Somali diaspora toward channels and opportunities for Somali-based investments. Hundreds of Somali diaspora and current residents provided answers about their opinions, observations, and habits regarding remittances and investment in the Somali regions.
Recommendations of this report are intended for the Somali business community (chambers of commerce, business associations, and the private sector), Somali financial institutions, diaspora members, the global community (including governments, multilateral organizations, and NGOs), and international financial institutions. Suggested courses of action seek to:
Develop financial and business infrastructure
Improve the quality of Somali market information
Connect diaspora investors around the world
Develop diaspora-specific investment products
Leverage locked-up real estate value through hybrid mortgage products
A hallmark of the contemporary international system is the complexity of problems facing actors today. Yet creative facilitators can build bridges between a wide array of actors to address these most difficult challenges.
Social behavior is often described as altruistic, spiteful, selfish, or mutually beneficial. These terms are appealing, but it has not always been clear how they are defined and what purpose they serve.
Scholars have proposed a number of different ways to improve global accountability, but none has adequately addressed how individuals who commit widespread or systematic nonviolent wrongs can be held to account.
Oceans Beyond Piracy (OBP), a project of the One Earth Future Foundation; the International Maritime Bureau (IMB); and the Maritime Piracy Humanitarian Response Programme (MPHRP) are pleased to present the Human Cost of Maritime Piracy, 2012.
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Written byConor Seyle, David Cortright, Kristen Wallon April 26, 2013
This white paper offers a synthetic review of empirical evidence on the elements of state governance that affect interstate and intrastate armed conflict. In the first part of the paper we examine state capacity and institutional quality.