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Showing posts with the label emigrants

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 ric...