But diaspora bonds will not be a feasible development instrument unless they are linked to development projects in places where there is sufficient trust in the government. The bonds should be available to all investors, not just migrant savers, and be distributed widely, not kept on the books of a few investment banks. That way, large sums could be mobilized for development at low, stable interest rates, without diminishing migrant workers’ incentive to save. goo.gl/N5BfPy
Posted on: Wed, 30 Jul 2014 13:43:51 +0000
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