The Indian authorities, in contrast, have used this instrument for balance of payments support, to raise financing during times when they had difficulty in accessing international capital markets. The members of Israeli and Indian diaspora have found such bonds attractive because of the opportunities such bonds provide for effective risk management. Furthermore, diaspora communities may have a “home bias” toward their country of origin and be willing to purchase diaspora bonds. While India and Israel have been at the forefront in issuing diaspora bonds, many other nations also have large diaspora communities in the world and could benefit by issuing such bonds
