Like Haiti, South Africa should look into innovative methods of financing its development

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    [title] => Like Haiti, South Africa should look into innovative methods of financing its development
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Limited budget and skills in South Africa make restoring developmental neglect in housing, health and education nearly impossible.

[fulltext] =>

Limited budget and skills in South Africa make restoring developmental neglect in housing, health and education nearly impossible. The country’s government departments are now looking at alternative financing mechanisms, as opposed to loans and deceased international aid. 

 

Haiti’s ex-Prime Minister, Laurent Lamothe, recently visited South Africa to propose the innovative financing mechanisms developed by his company, LSL World Initiative. These mechanisms, which were previously successfully deployed in Haiti, involve a micro-contribution on globalised activities such as telephone calls, airline tickets, wire transfers or stock exchange trades.

 

The revenues thus generated are then channeled into critical development projects and aim to reduce dependance on development aid. The funds can be raised in a totally transparent manner and be subject to auditing and public scrutiny.

 

Read full article (page 20). 

 

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Laurent Lamothe proposes innovative financing mechanisms to help. 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Limited budget and skills in South Africa make restoring developmental neglect in housing, health and education nearly impossible.

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Limited budget and skills in South Africa make restoring developmental neglect in housing, health and education nearly impossible. The country’s government departments are now looking at alternative financing mechanisms, as opposed to loans and deceased international aid. 

 

Haiti’s ex-Prime Minister, Laurent Lamothe, recently visited South Africa to propose the innovative financing mechanisms developed by his company, LSL World Initiative. These mechanisms, which were previously successfully deployed in Haiti, involve a micro-contribution on globalised activities such as telephone calls, airline tickets, wire transfers or stock exchange trades.

 

The revenues thus generated are then channeled into critical development projects and aim to reduce dependance on development aid. The funds can be raised in a totally transparent manner and be subject to auditing and public scrutiny.

 

Read full article (page 20). 

 

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Limited budget and skills in South Africa make restoring developmental neglect in housing, health and education nearly impossible. The country’s government departments are now looking at alternative financing mechanisms, as opposed to loans and deceased international aid. 

 

Haiti’s ex-Prime Minister, Laurent Lamothe, recently visited South Africa to propose the innovative financing mechanisms developed by his company, LSL World Initiative. These mechanisms, which were previously successfully deployed in Haiti, involve a micro-contribution on globalised activities such as telephone calls, airline tickets, wire transfers or stock exchange trades.

 

The revenues thus generated are then channeled into critical development projects and aim to reduce dependance on development aid. The funds can be raised in a totally transparent manner and be subject to auditing and public scrutiny.

 

Read full article (page 20). 

 

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