The Federation of FairFund Foundations is Geneva based as a not for profit structure.
The FairFund Federation (‘Federation’) is based in Geneva Switzerland as a verein structure over a network of FairFund Foundation not for profit companies. The mission of the Federation 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 as The Federation becomes a net economic investor creating economic stability and growth in perpetuity without repatriation of capital. The business model used by the Federation meets the requirements of Sharia law. The Federation has no alignment with any political, religious or ethnic grouping.
The Federation was set up in response to a call made by the UK Government before the G8 Gleneagles Conference in 2005, 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 in areas of need 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 envisages a world where every human being is empowered to fulfil his or her capabilities and to flourish; it is committed to the achievement of the United Nations Millennium Development Goals.