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

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. 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. 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. 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. 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. 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. 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!