Governance Crisis In The Developing World : The Story of The Biotech tropicana Aid Dollars
The Biotech tropicana Museum Team
Published Online December 1, 2010
Property Rights: A Way Out of Poverty and War
« the world’s poor are not without assets. Better governance will allow the poor to prove their assets and use them as leverage to achieve greater prosperity ».
Hernando de Soto, reference 1, page 19 (21)
On November 24, 2010, the Biotech tropicana Systems announced an expansion program aiming to upgrade the SMARTccpENTREPRISES to a five centers new pilot program. [2]
The SMARTccpENTREPRISES Project under Biotech tropicana Community is designed to assist local entrepeneurs in the resource-poor settings to take their owned ideas to structured projects, and from strutcured projects to new wealth generating micro entreprises.
The project is funded with assets of the Biotech tropicana Systems, for the resource-poor communities. Biotech tropicana Systems operate through a combination of not for profit activities coordinated in its incubators, and for profit activities coordinated in subject oriented units of the Biotech tropicana Systems.
Even where the SMARTccpENTREPRISES are designed as a donation of the Biotech tropicana Systems to the resource-poor communities, the project must be given the same priority as other for profit projects.
We previously discussed the basis of a $ 20.000 USD debt (further the funds) due to the Biotech tropicana Systems by public institutions in Benin Republic, for expertise provided to them in the development of their projects. [3]
Here, we discuss the basis of the decision of the founders of the Biotech tropicana Systems to collect and invest the $ 20.000 USD at issue as a donation to the resource-poor communities of the developing world, through the SMARTccpENTREPRISES project.
An analysis in the Biotech tropicana Systems, of the issues leading to difficulties in collecting the funds suggest a governance failure.
During the negotiations initiated by the Biotech tropicana Systems in the collection process, it appears that the parties involved deliberately creates zones of confusions to mislead the desicion points, and get access to funds they did not work for. We sought for and obtain a documentation of the confusion points in court in Benin Republic. Case N° 3281/RP-2010 dated July 27, 2010, City Court of Cotonou, BENIN. We then initiate an active debt collection process.
By internal policy, a resource of the Biotech tropicana Systems SHALL NOT be used in any activity that promotes poverty trap, in short or long term. The Biotech tropicana systems determined the circumstances that led to delay in the payement of the funds at issue, to promote poverty trap.
Therefore, we are forced to use all administrative and legal means to redirect our funds from poverty promotion, toward poverty alleviation; consistent with the vision and mission of the Biotech tropicana Systems. We construe this obligation to prosecute, as our modest contribution to the advancement of the principles of good governance, supported by the guiding principles of work in the Biotech tropicana Systems, The United Nations Millennium Development Goals (UN MDG, Point 8, target 12 and target 18), and the United states Millennium Challenge Corporation ( US MCC, About at [4])
Because the initial intended use of the funds became moot for excessive delay in payment, the founders decided that the funds be donated to the resource-poor communities of the developing world, to help them, help themselves, improve their lives.
The founders THEREFORE
ORDER :
1) All files related to the $ 20.000 USD at issue be transferred to the Biotech tropicana Museum for further processing
2) A legal team be set to lead the collection process in a manner that is consistent with applicable laws and regulations
3) A committee be set to insure that any collect fund is applied toward assistance to the resource-poor communities of the developing world
The Founders
Aboubakar YARI & Venus YARI
Biotech tropicana Systems
« Many of the old models of economic development assistance are outdated. Money that is not accompanied by legal and economic reform are oftentimes wasted. In many poor nations, corruption runs deep. Private property is unprotected. Markets are closed. Monetary and fiscal policies are unsustainable. Private contracts are unenforceable. When nations refuse to enact sound policies, progress against poverty is nearly impossible. In these situations, more aid money can actually be counterproductive, because it subsidizes bad policies, delays reform, and crowds out private investment. Today, I call for a new compact for global development, defined by new accountability for both rich and poor nations alike »
George W. BUSH, for the United States Millennium Challenge Corporation
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