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.