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Leveraging the Power of Diaspora
Through their active participation in decades of impact investment, the Rockefeller Foundation and Aspen Institute concluded that:
- One area where they saw and we continue to see great opportunity is in mobilizing the amazing energy, passion, and financial power of the diaspora. Global remittances represent $414 billion in capital flows to developing countries. That’s three times the amount of official foreign aid received by these countries. The Indian Diaspora alone is estimated at more than 30 million people, with nearly 5,000 high-net worth individuals worth more than $30 million each.
- But despite this incredible wealth of capital, dollars are not yet being translated into true economic development, because they are focused on individual families. Imagine what even 5 percent of those remittances could do a school in India?
- To meet this need, the Rockefeller Foundation and the Aspen Institute have partnered to create the Rockefeller-Aspen Diaspora Program, or RAD. RAD will leverage both the power of technology and the demonstrated promise of impact investing.
Sierra Club’s International Climate Program
Justin Guay is the Associate Director of the Sierra Club’s International Climate Program and is based in San Francisco. He works on international energy lending reform and international outreach for the organization with a focus on the Asia-Pacific Region. He has previously lived in Mumbai and spent time working with social entrepreneurs on...Read more
Rockefeller-Aspen Diaspora Program, Aspen Institute
Prior to joining the Aspen Institute, Pooja consulted for various international development organizations, developing business, financial, and strategic plans for Mercy Corp's youth leadership and global citizenship program in the Middle East, a sports for development social enterprise in Bolivia, and a food security and nutrition NGO in Kenya...Read more
As a Principal on the Innovation Investment team at the Skoll Foundation, Raymond U. Guthrie develops and structures investments to scale the proven innovative approaches of Skoll social entrepreneurs, in order to accelerate impact on the world’s most pressing problems.
Raymond has dedicated his career to investing in and supporting...Read more
Rockefeller-Aspen Diaspora Program
Alex most recently served as the Senior Advisor to USAID, where he assisted USAID's missions and private investors with investment structuring and negotiations related to Power Africa. Prior to this position, he was the Vice President for Africa at the Small Enterprise Assistance Fund (SEAF). SEAF is a global private equity firm that...Read more