The World Bank on Monday recommended the cash-strapped Kerala Government to issue a 'Diaspora Bond' to overcome the financial crisis.
Dilip Ratha, a Lead Economist and Economic Adviser at the World Bank, has proposed the bond as a way to secure the investments of millions of Malayalis living abroad. After speaking with state government representatives, Ratha also offered help of the World Bank to roll out the 'Diaspora Bond' scheme.
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Public Analysis of Investments and Sustainability Evaluation