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Strengthening the Financial Sustainability of the Non-Profit Sector through Debt Swap for Education in the Countries of MERCOSUR
9,400,000 yen [Grant Project]
Foundation SES (Argentina)
SPF has identified the strengthening of the financial status of non-profit organizations as one of its focus areas, and has been supporting CSRO and debt swap projects. The results of past projects show that the utilization of debt swap opportunities and their profits for management and fund raising could possibly contribute to improvements in the financial status of non-profit organizations.
The project aims to evaluate whether debt swap projects can contribute to strengthening the financial status of non-profit organizations by analyzing the conditions and factors for successful debt swap projects, monitoring methods for financial management after successful negotiations, and by developing bases for sustainable management of related projects. Although the project mainly targets MERCOSUR nations (South America Common Market), the participation of Asian countries is also planned.
The following major activities are planned in the second year of this 3-year project.
- Support for Country-by-Country Activities
In Chile, Uruguay, Paraguay and Bolivia, all of which promises high likelihood of success in debt swap negotiation, seminars tailored to each country and capacity building of non-profit sectors will be executed.
- Regional Conference (November)
With a view to sharing successful experiences of making effective use of debt swap opportunities, about 15 representatives comprising non-profit sectors, researchers and government officials from within the MERCOSUR region will assemble in a conference. Additionally, Asian counterparts will be also invited so as to actively share experiences and information with each other.
- Participation in Debt Swap Negotiations (2007)
(1) On behalf of Central and South American non-profit organizations, the project will take part in a working group set up by UNESCO with the objective of promoting debt swap in the field of education.
(2) Development of information kits, which started in the previous year, will be completed.
(3) The project will lobby some specified creditor nations including Spain and the governments of targeted debtor nations within the region. Once the negotiation materializes, the project shall participate in it actively and give advice accordingly.
- Creating a Web Site
Various debt swap negotiation cases around the globe and the media-related information will be gleaned and posted on a web site.
(Second year of a 3-year project)
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