Liquidity and Cashflow for #UAE (ArabicEnglish)

7/30/2019 Liquidity and Cashflow for #UAE (ArabicEnglish)

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Liquidity and cash flow program will remove stress from businesses and families in

UAE

Contractors, Small businesses, entrepreneurs and families will receive payments in the UAE

between Nov 2012 and Jan 2013, it has been announced.

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Gill Wallace Hope is leading the worlds first FDI that will inject capital directly at street level

to reduce the stress and suffering of grass roots communities, restoring liquidity, getting cash

flowing and paying off debt.

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We have got the necessary approvals and we start in November 2012, said Gill Wallace

Hope, Advisor to the G20 and the Rulers of UAE in Abu Dhabi.

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Payment processing will take place in Abu Dhabi and Dubai.

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The UAE needs all the entrepreneurs happy and healthy to build the economy and create

jobs and micro-enterprises, added Hope in a release.


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Hopes Social Development Portfolio includes Green Communities for Africa and India,

200,000 micro-enterprises for unemployed women in KSA, Youth micro-enterprises for 100

million unemployed youth across MENA.

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UAE Liquidity Program has a budget of approximately $14 bn (Dh 51.42 billion) and is

expected positively impact the economy by Dec 2012.

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Hope said the payments will be processed from a hub in Al Bateen area. Contractors should

prepare a spreadsheet of their outstanding invoices/ employees and bring it on a USB with

the file of original invoices.

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She is advising Companies to meet with the banks and suppliers to negotiate a Full & Final

settlement and bring a letter signed and stamped by 2 bank officers or one Director.

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The Payment Center will operate 4 shifts of 6 hours each and every one issued a ticket will

be processed within 24 hours. Officials from 132 Government Departments have been

assigned to check documents and handle queries. 70 accountants will visit the jails and help

business owners agree payments and obtain Release letters. Once the cheques have been

processed Suppliers and employees can attend to sign and collect.


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Funding has been received from QE3, G20 and Sovereign Wealth Funds, this innovative

Liquidity program is billed as a hybrid of liquidity, economic stimulus, debt reduction, poverty

alleviation and mass collaboration.

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The UAE Government, World Bank, IMF, US Treasury, UK Treasury, United Nations,

Sovereign Wealth Funds, Embassies, Quantative Easing Experts and Economists from

around the world have congratulated Hope for putting this policy into practice.

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Top down stimulus has not reached the street level so investing bottom up will have an

immediate effect, releasing systems from gridlock, and restoring hope. Entrepreneurs will be

able to refocus on serving their customers and re-building the Economy. USA, Italy, Greece,

Spain are watching to see how they could apply this financial system innovation in their

countries.

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When she announced the program last year, Hope said she planned to use state-of-the-art

cooperation and collaboration technology and processes to give companies a positive

experience like theyve never seen before.

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Watch this space for more.


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Liquidity and Cashflow for #UAE (ArabicEnglish)

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