Diaspora Bond’s as a debt instrument has been successfully used to mobilize external development finance, particularly to fund large scale projects [in the case of India, during times when accessing international capital markets was challenging] – It has also been successful to keep the diaspora [in this case the Jewish Diaspora] engaged and connected to developments in their homeland.
I will argue that it can be an effective tool to bridge the gap between the global citizens of Africa, and the homeland, and to shape/influence domestic policy.
It is by far a stable and cheap source of debt to finance domestic projects, compared to the finance option and conditions of the International Monetary Fund [IMF].
