(PRWEB) May 03, 2016
The event will bring together influential delegates and high level thought leaders on IFD under one roof to exchange views and thoughts on sustainable development. This is the first time LSL has hosted an event like this.
LSL specialises in Innovative Financing for Development which is fast becoming an indispensable resource for developing/emerging countries enabling them to generate significant revenues for development projects and reducing the dependence on foreign aid. Strongly advocated by the United Nations, the International Monetary Fund and the World Bank, IFD does not compete with official development aid—it complements it.
Laurent Lamothe, founder of LSL World Initiative (LSL) is a keynote speaker and will explain exactly what Innovative Financing for Development (IFD) is and what it can mean for sustainable development. In the aftermath of the Haiti earthquake, Lamothe, Prime Minister at the time, had to look to alternative methods of financing upliftment projects to help the Haitian people survive the disaster and as such he is well positioned to lead the discussion on IFD. Max Cherestal, LSL Executive Director will actually use, as a case study, Haiti—where free quality schooling is being provided for 1.4 million needy Haitian children through Innovative Financing mechanisms. Other work sessions will present the opportunities available in the IFD environment.
The event promises to be interesting and insightful as other speakers are technology partners who will explain their products and solutions and what they bring to the table—all aimed at creating and assuring additional revenue for governments.
IFD was developed over the last two decades as a response amongst others, to:
- unstable and declining global aid
- the plunge in oil and commodities prices
- the increasing need in emerging/developing countries to finance socio-economic needs: health, education, water provision, infrastructure development and electricity provision.
LSL provides assistance to governments to identify and leverage new revenue streams and allocate the revenues generated directly to the financing of their own development priorities.
The Madrid meeting aims to create awareness of LSL’s new financing model, to bring about a better understanding of the need for innovative financing and boost knowledge of how IFD can be better coordinated and applied in new markets. It is hoped that the exchange of ideas and thoughts between the high-level participants at the Madrid meeting and the ensuing cross-pollination will open up new avenues of thought on how Innovative Financing for Development could be applied— there are many countries with great socio-economic needs that could benefit from IFD and many developing countries are already doing so.
Innovative Financing for Development can be a game-changer for sustainable development. Through its tried and tested revenue generating model, it can bring about significant positive change in the world by funding projects to alleviate poverty, better health and education systems, water and electricity supply, better infrastructure and security making it happen in a secure, sustainable and efficient way.