i Leveraging Diaspora Finances for Private Capital Mobilization Migration and Development Brief 39 December 2023 ii © 2023 International Bank for Reconstruction and Development/The World Bank. Some Rights Reserved This work was produced under the Global Knowledge Partnership on Migration and Development (KNOMAD). A global hub of knowledge and policy expertise on migration and development, KNOMAD aims to create and synthesize multidisciplinary knowledge and evidence; generate a menu of policy options for migration policy makers; and provide technical assistance and capacity building for pilot projects, evaluation of policies, and data collection. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or its member countries. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved. Rights and Permissions This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) http://creativecommons.org/licenses/by/3.0/igo. Under the Creative Commons Attribution license, you are free to copy, distribute, transmit, and adapt this work, including for commercial purposes, under the following conditions: Attribution – Please cite the work as follows: Dilip Ratha, Vandana Chandra, Eung Ju Kim, Sonia Plaza, and William Shaw. 2023. “Migration and Development Brief 39: Leveraging Diaspora Finances for Private Capital Mobilization.” World Bank, Washington, DC.” License: Creative Commons Attribution CC BY 3.0 IGO. Translations – If you create a translation of this work, please add the following disclaimer along with the attribution: “This translation was not created by The World Bank and should not be considered an official translation. The World Bank shall not be liable for any content or error in this translation.” Adaptations – If you create an adaptation of this work, please add the following disclaimer along with the attribution: “This is an adaptation of an original work by The World Bank. Views and opinions expressed in the adaptation are the sole responsibility of the author or authors of the adaptation and are not endorsed by The World Bank.” Third-party content – The World Bank does not necessarily own each component of the content contained within the work. The World Bank therefore does not warrant that the use of any third-party-owned individual component or part conta...