Finance: The Bank of the African Diaspora

According to the African Development Bank, the afro-descendants last year sent more than $ 65 billion to the continent. These amounts represent 29% of Liberia’s GDP, 20% for The Gambia, 17.5% for Lesotho and 13.5% for Senegal. This aid (which is made up of donations) is 2.5 times larger than any official Development Aid. However as this money is routed to families, this welcome help is scattered and does not allow real development. We must go from a sprinkling logic to a logic of leverage. The African Diaspora Bank will remedy this. It will structure remittances from the diaspora to Africa, while offering diaspora members who are highly discriminated in terms of access to credit, concrete solutions for their future plans.