Tuesday, 02 January 2024 12:17 GMT

Families globally are increasingly looking for resilience options; some are finding a solution in the Pacific


(MENAFN- MENAFNEditorial)
With a recent report highlighting that wealthy families across the globe are looking to build greater resilience and more options for the future, a citizenship by investment program in the Pacific focused on economic and climate resilience is tapping into their increased desire to invest into programs that make a difference.

Edward Clark, CEO of the Naoero Economic and Climate Resilience Citizenship Program, said he isn’t surprised that the 2026 UBS Global Family Office Report, based on 307 family offices across more than 30 markets, found 60 per cent plan to change their strategic asset allocation over the next 12 months, and are increasingly focused on “building resilience for a wider range of potential outcomes.”

“The current global instability continues to bring increased enquiries from families wanting to protect against government decisions, compulsory conscription and other factors that could challenge their future,” he said.

“The Naoero citizenship option offers families a way to diversify geographically, while contributing to a nation working to build greater economic and climate resilience.”

He said the program is helping families strengthen their future without having to move or change where they live, while contributing to the resilience of a country highly vulnerable to climate change.

Naoero’s economic progress provides a strong foundation for that investment, with recent independent analysis from Professor Stephen Howes, Director of the Development Policy Centre at The Australian National University, finding its national income grew by an average 4.9 per cent per person between 2009 and 2024.

Between the 2011 and 2021 censuses, employment in Naoero increased from 47 per cent to 64 per cent of the population and unemployment fell from 23 per cent to just 5 per cent.

“If any other boom worldwide has delivered similarly stunning results in such a short period, I am not aware of it,” Professor Howes said in his research.

Mr Clark said the tightly-controlled and highly regulated program meant that both families and Naoero can benefit from the same investment.

“Citizenship by investment in Naoero creates what I believe is the most unique opportunity in the world to join the priorities of families looking to build greater resilience and options for the future, with those of a nation actively working towards greater economic and climate resilience for its people,” he said.

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