Tuesday, November 13, 2012

In Uganda - UNDP get's in the business of certifying Government issued bonds

Click here for this in full at The Independent: http://www.independent.co.ug/news/news/6807-bank-of-uganda-in-diaspora-bond-move

Bank of Uganda in Diaspora Bond move

In a move that perhaps recognizes the economic clout that Ugandans living and working abroad hold in Uganda’s economy today, Bank of Uganda together with the United Nations Development Programme (UNDP) recently initiated a feasibility study to find out if they (Ugandans) are willing to invest in the Ugandan Diaspora bond.

A Diaspora bond refers to a financial instrument that targets potential investors who have emigrated to other countries.

The survey is intended to understand the capacity and constraints of the Ugandan Diaspora to participate in national development through investing in international Diaspora bonds.

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