Diaspora Bonds

In media we always hear that Kyrgyzstan needs to attract investments and everyone is eager or seems like it, to contribute to country's economic growth. The bad news is that many talented people are leaving their motherland in a search of a better quality education or higher paid jobs leading to country's "brain drain". Only few of them return.

However, the good news is that those left, in most cases are interested in the economical, political and social life of the Kyrgyz Republic. Why should not they be, especially when they have many friends and relatives left there? But with political instability, low human capital and weak legal system, the attraction of investments seems as a very challenging task. What do you think Kyrgyz people abroad do with the earned money? Probably send it to their relatives and save in foreign banks.
Well, here is the solution for investments. Why doesn't our government issue bonds and market them for emigrants in richer countries? This is the main concept of diaspora bonds. Sounds pretty simple, doesn't it? Actually, there are successful stories on the implementation of diaspora bonds in India, Israel, Kenya and other countries. Of course this field needs to be researched and evaluated whether it is appropriate to our country conditions. One of the criteria for the diaspora bonds to work is to have rich emigrants. Although our country is not rich itself, but who knows about the financial situation of people originated from Kyrgyzstan.