26 September 2011
The minister of finance Ngozi Okonjo-Iweala says
will look into obtaining Nigeria
a diaspora bond as a way of alternative funding to support developmental projects
in the country.
The minister stated this in
at a press conference with Nigerian Washington DC
journalists covering the annual meetings of the World Bank and IMF.
Her words “In term of alternative finance, we are discussing to look into diaspora
bond. We had excellent meetings with the World Bank and the
because if we are going to look into diaspora bond, we need the support of the
support developments in
A diaspora bond is a debt instrument issued by a country or a private corporation
to raise financing from its overseas diaspora.