Diaspora Bond
A debt instrument a country issues to its expatriate or affinity community abroad. Israel's, via Israel Bonds, have channeled tens of billions into the economy since 1951 — affinity capital distinct from sovereign borrowing.
A diaspora bond is a debt instrument a country issues to its expatriate or affinity community abroad. Israel's are issued through Israel Bonds (Development Corporation for Israel), which has channeled tens of billions of diaspora dollars into the Israeli economy since 1951 — a financing line distinct from sovereign market borrowing.
Why it matters. Diaspora bonds are affinity capital, not pure yield-seeking capital. They behave differently in stress periods, which makes them a structurally important and under-analyzed funding channel for the state.
See also: Diaspora Investment · Institutional Capital · Annual Campaign