How It Works

Most of these countries hold sovereign bonds: debt they issued in better times, now trading at a fraction of face value. Those bonds are backed by real assets: oil, minerals, infrastructure. We work with Treasury and OFAC—which is already in process with Venezuela—to let American companies legally acquire and monetize those bonds. That unlocks the capital to cultivate resources, improve infrastructure, and foster a heathy, skilled workforce. 

A significant percentage of bond monetization is allocated to the Host Country PTP Fund, with appropriate oversight to ensure that development projects benefit the people rather than corrupt ministries. The remaining funds are used for self-defeasance, investor returns, and to finance future deals. No appropriation is required.  There is no added taxpayer expense for the beneficiary country or the U.S.