The Government of Guyana is working towards introducing a diaspora bond designed to give Guyanese living overseas an opportunity to invest in the country’s expanding economy and participate directly in its development.
President Dr Mohamed Irfaan Ali disclosed the plans on Friday, explaining that the proposed financial instrument would create a formal investment channel for members of the diaspora who are interested in contributing capital to Guyana.
Speaking during a press conference at the Office of the President on Shiv Chanderpaul Drive, Georgetown, President Ali said the government has recognised growing interest among Guyanese abroad in participating in the country’s economic transformation.
The initiative is expected to provide overseas Guyanese with a structured mechanism through which they can invest in opportunities emerging from the country’s rapid economic growth, while supporting national development.
President Ali has assigned Senior Minister in the Office of the President with Responsibility for Finance, Dr Ashni Singh, to lead the development of the proposed bond, including its terms, conditions and operational framework.
The President indicated that the government is examining similar diaspora investment programmes implemented in other countries to identify a suitable model for Guyana.
He noted that the proposed arrangement would expand the options available to financially capable members of the diaspora who wish to maintain an economic connection with their homeland while benefiting from investment opportunities.
The initiative also reflects the government’s broader interest in mobilising capital from Guyanese communities overseas and directing additional investment towards the country’s development priorities.
Further information on the bond’s financial structure, eligibility requirements and implementation arrangements will be provided once the preparatory work has been completed.