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Release : 2018
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Kind : eBook
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Book Synopsis Issues and Challenges in Mobilizing African Diaspora Investment by :

Download or read book Issues and Challenges in Mobilizing African Diaspora Investment written by . This book was released on 2018. Available in PDF, EPUB and Kindle. Book excerpt: His research looks into how diaspora bonds, specifically designed investment small countries in the Pacific, the and pension funds, direct investments made Caribbean and elsewhere can benefit by individuals in the diaspora, securitization of from greater reliance on the use and reuse future remittances as collateral for new borrowing of locally available resources, including and recent innovations [...] Three key reasons are cited for Savings from the African the limited uptake of the instrument, including challenges in implementing know-your-customer Diaspora regulatory requirements; restrictions in marketing the diaspora bond in foreign jurisdictions; and perceived currency and foreign exchange risk Among African countries, however, long-term among diaspora investors (African Financial Markets [...] The United securing regulatory approval in key high-income Nations Development Programme suggests jurisdictions, in which large Nigerian migrant that costs can be up to four to five percent of populations live, and competitive pricing may the face value of the bond instrument.4 The all have influenced the bonds' success. [...] The World Bank can expand its support illustrates wide differences in the characteristics to African countries in assessing diaspora savings and structure of diaspora bonds issued by and investment potential and develop new risk- Ethiopia, Kenya, Ghana and Nigeria since 2007. [...] Copyright © 2018 by the Centre for International Governance Innovation The opinions expressed in this publication are those of the author and do not necessarily reflect the views of the Centre for International Governance Innovation or its Board of Directors.