THE CHALLENGE

Harnessing Private Capital

160+ trillion available

Global private financial wealth (2014)

$130 billion available from Microfinance
$50 billion available from crowdfunding
$30 billion available from impact investments

The private capital needs to be harnessed to broaden the supply-side of development finance. With proper incentive structures and mechanisms, private capital can not only help narrow financial gap but in doing so, will benefit from accessing a market of over 3 billion people living under $2.5 a day. Better incentives, such as social credits, can help scale up the existing market-based financial inclusion solutions and enhance their social impact.

EVEN WITH 160 TRILLION AVAILABLE, PRIVATE INVESTMENT STILL REMAINS LIMITED

BARRIERS TO USING PRIVATE FINANCIAL WEALTH

Absence of Right Incentives

Absence of FDI Regime

Political Risks

Absence of Information

HOW SOCIAL CREDITS WORK

Social Credits can be any one of the following:

IN KIND

In Kind contributions for capitalization of a new company

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SHARES

Issuance of new shares by a qualified group of eligible small and medium businesses

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DONATION

Donation to a qualified non profit entity

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TAX LIABILITY

Qualified tax liability

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The Incentive Structure will help attract Foreign Direct Investment (FDI) and local investments for social and economic development sector including:

In order for a FDI project to claim Social Credits, it must go through these three steps:

PRE CERTIFICATION

  1. The economic condition of the host country
  2. Cost off-set of the project
  3. Social impact of the project
  4. Critical nature of the project

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CERTIFICATION & ISSUANCE

The socio-economic impact of the project is measured and verified in accordance to the agreed upon quantification criteria.

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REDEMPTION

Once certified, the private sector participant can redeem social credits in either of the pilot countries in accordance with the bilateral agreements.

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THE SOCIAL CREDITS PILOT

We are excited to start our first pilot this year
THE FIRST SOCIAL CREDITS PILOT WILL BE BETWEEN UK AND SOUTH AFRICA

GOVERNANCE

The hierarchy of our initiative is very important to keep a balance

Click to learn more about each tier

Initiative Principles, Core Team, Initiative Secretariat

The Initiative Principles are responsible for the overall supervision of the Initiative. The Core Team is the managing body. that will drive and coordinate amongst all the relevant stakeholder to ensure the implementation of the SCM. It is responsible for establishing the general framework for the implementation plan. The Core team may elect its chair. The Initiative Secretariat is responsible for the overall coordination among all the stakeholders.

Global Board of Advisors

The Global Board of Advisors represents a diverse group of high-profile public and private sector leaders who are country-specific experts and influencers. Members of this board may include prominent individuals and decision-makers in different countries and can help build a support network for the initiative. The Global Board of Experts represents a cross industry network of leaders that possess the knowledge, experience and insights with regards to the technical issues being confronted while developing the implementation plan for the Social Credits mechanism. The main responsibility of this board is to provide expert advice on issues requested by the core team, and provide their expert advice of any document that the core team presents for their review.

Global Board of Advisors

The Global Board of Advisors represents a diverse group of high-profile public and private sector leaders who are country-specific experts and influencers. Members of this board may include prominent individuals and decision-makers in different countries and can help build a support network for the initiative. The Global Board of Experts represents a cross industry network of leaders that possess the knowledge, experience and insights with regards to the technical issues being confronted while developing the implementation plan for the Social Credits mechanism. The main responsibility of this board is to provide expert advice on issues requested by the core team, and provide their expert advice of any document that the core team presents for their review.

YGL Support Group

The YGL Support Group provides general support and feedback for the initiative by getting engaged as frequently as convenient and getting periodic updates on the progress of the initiative.

Strategic Support Group

The Strategic Support Group provides industry perspective, feedback and support for the initiative by getting engaged as frequently as convenient and getting periodic updates on the progress of the initiative.

CORE TEAM

We have some of the most brilliant minds from across the world
Ali Adnan Ibrahim
Ali Adnan IbrahimInitiative Lead
Bahrain
Anna Marrs
Anna MarrsSingapore
Gassan Ahmed Al-Kibsi
Gassan Ahmed Al-KibsiSaudi Arabia
Roksana Ciurysek-Gedir
Roksana Ciurysek-GedirUnited Kingdom
Carl Bjorkman
Carl BjorkmanGeneva, Switzerland
Rain Newton-Smith
Rain Newton-SmithUnited Kingdom
Martyn Davies
Martyn DaviesSouth Africa
Nada Al Saeed
Nada Al SaeedBahrain
Dionysia-Theodora Avgerinopoulou
Dionysia-Theodora AvgerinopoulouGreece
Elaine Smith
Elaine SmithBrazil
Miniya Chatterji
Miniya ChatterjiNew Delhi, India
Lars Jannick Johansen
Lars Jannick JohansenDenmark
Mark Vlasic
Mark VlasicUnited States of America
Loulwa Bakr
Loulwa BakrSaudi Arabia
Lana Al Attar
Lana Al AttarBahrain
Maseena Ziegler
Maseena ZieglerUnited States of America
Elysia Howell
Elysia HowellBranding and Design <br /> United States of America
Tariq Al Olaimy
Tariq Al OlaimyBahrain

GLOBAL BOARD OF ADVISORS

Jonathan D. Cahn
Jonathan D. CahnPartner

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