An Experiment in Creative Financing to Promote South African Reconciliation and Development

AFRICA'S FINANCES: THE CONTRIBUTION OF REMITTANCES, Raj BARDOUILLE, Muna NDULO, and Margaret GRIECO, eds., Cambridge Scholars Publishing , 2008

26 Pages Posted: 21 May 2007 Last revised: 22 Sep 2009

See all articles by Daniel Bradlow

Daniel Bradlow

University of Pretoria; American University - Washington College of Law

Date Written: 2008

Abstract

This paper discusses a project designed to address 3 seemingly unconnected problems:

1) How to promote private reconciliation in South Africa, that is reconciliation between black and white South Africans that is independent of the effort to promote reconciliation between the state and those who suffered under apartheid

2) How to involve the South African expatriate community in the process of reconciliation and development in South Africa, and

3) How to mobilize and deliver funding for projects that are both too rich for grant funding because they generate a stream of revenue that can be used to service debts and other financial obligations and too poor for commercial funding either because of the scale of the project or the risk and return profile of the project.

The paper describes the innovative funding structure that has been developed to simultaneously address all three of these issues and some of the interesting financial, legal and policy issues that it raises.

Keywords: development finance, bonds, reconciliation

JEL Classification: F21, F22, G20, G10, I30, O16

Suggested Citation

Bradlow, Daniel David, An Experiment in Creative Financing to Promote South African Reconciliation and Development (2008). AFRICA'S FINANCES: THE CONTRIBUTION OF REMITTANCES, Raj BARDOUILLE, Muna NDULO, and Margaret GRIECO, eds., Cambridge Scholars Publishing , 2008, Available at SSRN: https://ssrn.com/abstract=987506

Daniel David Bradlow (Contact Author)

University of Pretoria ( email )

Physical Address Economic and Management Sciences
Pretoria, Gauteng 0002
South Africa

American University - Washington College of Law ( email )

International Legal Studies Program
4801 Massachusetts Avenue N.W.
Washington, DC 20016
United States
202-274-4205 (Phone)
202-274-4116 (Fax)

HOME PAGE: http://www.wcl.american.edu/faculty/bradlow/index.

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