The Federation of FairFund Foundations is Geneva based as a not for profit structure made up by two associated companies registered in the UK and Ireland:
- FairFund Foundation (UK) Limited by Guarantee and
- FairFund Foundation Limited by Guarantee (Ireland).
The mission of the Federation of FairFund Foundations is the delivery and protection of capital to areas of need through a unique mechanism, which provides for the mitigation of risks and the localisation, where applicable, of international debt within the recipient country. No additional foreign debt is created. The Federation becomes a net economic investor into the jurisdiction where a project is built and transferred into public or private ownership. The Federation is primarily dedicated to economic investment, economic growth and stability in the developing nations of the world and, in particular, in the Commonwealth member countries, the Anglophone and the Francophone countries. The structure meets the requirements of Sharia law. The Federation has no alignment with any political, religious or ethnic grouping.
The Federation is a private funding initiative set up in response to a call made by the UK Government just before the G8 Gleneagles Conference for a Private Funding initiative for delivery of capital to Sub-Sahara Africa. The FairFund Foundation (UK) Ltd responded to that call and was launched at the Commonwealth Business Council G8 Africa Business Forum 2005.
Historically, potential lenders for infrastructure and enterprise development have been reticent to facilitate financing of such investments, mainly because of the risks of lending: whether such risks were political, sovereign credit, exchange rate, or simply project related. The mitigation of such risks is fundamental for the economic development of any country and in particular that of developing countries. The main activity of the Federation is the Risk Mitigation Reserve Trust (RMRT).
The Federation of FairFund Foundations envisages a world where every human being is empowered to fulfill his or her capabilities and to flourish.
The Federation of FairFund Foundations is committed to the achievement of the United Nations Millennium Development Goals.