Skip to main content

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.
Labels:

Comments

Post a Comment

Popular posts from this blog

История о том как открыть бизнес в отдаленном регионе Кыргызстана

Недавно я побывала в Баткене и вдохновилась тем, как некоторые люди, стремясь к лучшей жизни и имея предпринимательский дух начинают создавать свой бизнес и, тем самым способствуют развитию своей местности. 47-летняя Жолболдуева Гульнара Токтобаевна известная в городе Баткен женщина-бизнесмен. Гульнару эже знают практически все в Баткене и за его пределами. Иностранные туристы и сотрудники международных, государственных организаций останавливаются у нее в гостинице «Алтын-Бешик » . Гостиница открылась 10 лет назад, в октябре 2006 года. Из-за большого количества гостей в доме Гульнары эже ее дети предложили написать снаружи дома «гостиница». Толчком послужил еще и тот факт, что приехали гости из Бишкека и остановились у нее, у которой на тот момент еще не была сформирована гостиница. Они предложили улучшить условия проживания, поставить кровати и протянуть в дом канализацию. Она последовала их советам. Открылась гостиница с одним санузлом на 5 коек. Далее люди начали с
Post a Comment
Read more

Would better enforced Intellectual Property rights benefit Kyrgyz wearing apparel sector?

Kyrgyz Republic has its IP system since 1993 and the competent authority for it, is a State Service of IP and Innovation under the Government of the Kyrgyz Republic (Kyrgyzpatent). The country is a member of 70 multilateral international agreements in the area of IP, that are Paris and Berne Conventions, Madrid Agreement concerning the International Registration Marks, Patent Cooperation Treaty, TRIPS, Singapore Treaty on the Law of Trademark and others. After the collapse in 1991, production of textiles haven’t recovered fully. The need in huge investment in capital in this area and high competition of lower priced textiles from China did not allow the country to recover its textile industry after KR gained its independence and pursued a market economy. Thus, textiles and thread are now mainly supplied by importers, mainly from China. Despite the dying textile industry in Kyrgyzstan, the production of garment has been increasing for the past decade. While small portion of garme
Post a Comment
Read more

Making Big Money on Poor

My microeconomics teacher used to tell me that if one want to make money she/he should target people with low income. Most starting businesses I see in Bishkek are focused on luxury, upper class goods and services. Those are either bars & restaurants or stores with expensive brand clothing and accessories. They promote themselves as unique and only for wealthy people type of business. As a result, not all of those businesses succeed and they either close or do "re-branding". Where do businessman look? Do they see the sad reality??? Yes, there are people with high incomes, but it is only a small fraction of the total country population. I think that if business start to focus on a wider part of the population, they will not only get greater profits, but will also bring 'good' with affordable in price products for many and will contribute to more developed markets in the region, not only in the city. However, there is always the other side of the coin. Ethan Kay a
2 comments
Read more