Government advancing plans for diaspora bond to expand investment opportunities
The government is advancing plans for a diaspora bond that would allow Guyanese living abroad to invest directly in the country’s growing economy, President Dr Mohamed Irfaan Ali announced on Friday.
The initiative is intended to provide members of the diaspora with a structured avenue to participate in investment opportunities driven by Guyana’s economic expansion.
During a press conference at the Office of the President on Shiv Chanderpaul Drive, Georgetown, the head of state said there is considerable interest among Guyanese abroad in contributing to national development through investment.
“The diaspora has a great interest in investing in opportunities in Guyana,” President Ali noted.
Senior Minister in the Office of the President with Responsibility for Finance, Dr. Ashni Singh, has been tasked with developing the bond’s terms and framework.
President Ali said the initiative would create an additional avenue for Guyanese with the financial resources to invest in the country’s development and benefit from emerging economic opportunities.
He pointed to similar arrangements in other countries that are being examined as the government works towards establishing an appropriate model.
Further details on the structure and implementation of the initiative are expected to be announced once the necessary arrangements are completed.
