Over the past two decades one of the most intriguing ideas in development finance has been the proposal that developing nations can raise substantial funds from their expatriate communities by creating diaspora bonds. Recently, the economic fallout from the COVID-19 public-health crisis and subsequent sudden exit of foreign capital from emerging markets have reignited interest in the search for alternative development funding. Raising funds from diasporas via the bond, a fixed-income financial instrument, is high on the list again….