As a private company focusing on social and economic impacts and social transformation, LSL World Initiative works with governments to provide solutions for them to implement their own funding mechanisms.
achieve economic self-sufficiency
provide direct responses for their specific developmental needs
spur economic development and achieve sustainable development.
The innovative financing mechanisms are based on the country’s own resources. Micro-contributions are levied in globalised sectors. The revenues generated enables governments to reach their developmental goals while reducing debt and the reliance on foreign aid.
"The world today needs new sources of revenue. Emerging countries especially have very little means to finance their development. With the solution called Innovative Financing for Development - applied within not only the telecoms industry, but also the financial services industry - we are able to leverage millions of transactions, apply a micro-levy onto those transactions, and bring in millions of additional dollars for development. " - Laurent Lamothe