theage.com.au:
"SIX European countries plan to raise up to $US1 billion ($A1.34 billion) on international bond markets next week to buy life-saving vaccines for millions of children in the world's poorest countries.
"Bankers will begin a series of roadshows to boost investor interest in the scheme — championed by British finance minister Gordon Brown — first in the US and then in Europe ahead of a likely launch on October 12.
The scheme is a pilot for a wider bond financing project that could double rich countries' development aid to $US100 billion a year, but which has failed to get US backing."
Comment: Clearly one should not buy into a hundred billion dollar a year enterprise lightly, and I don't have enough information to judge. But this seems like a great program to me, and I wonder why the U.S. government is not supporting it. JAD
Wednesday, October 04, 2006
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