22 October 2007

Social Policy Bonds (almost) applied!

Well, ok, not Social Policy Bonds, but rather the bond principle, of financially rewarding people who do things that lead to better outcomes for ordinary people:
Joaquim Chissano, a former President of Mozambique who led his country to peace after more than a decade of civil war killed a million of his citizens, became the first ever winner of a new £2.4 million ($5m) prize for achievement in Africa today. Mr Chissano, who was in power between 1986 and 2005, was awarded the Mo Ibrahim award for achievement in London by Kofi Annan, a former United Nations Secretary General. ...The $5 million prize was established by the Mo Ibrahim Foundation which was launched last year to boost governance in Africa. Dr Ibrahim, the founder of the African telecommunications company Celtel International, is one of Africa’s most successful business leaders. The Times, 22 October

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