James Hansey – The Economist World– On Tuesday, March 18th, 2025, at precisely 9:00 AM, the World Subnationals and Nations (WSANDN) released its long-awaited 11-page whitepaper on the Economic Growth Capital Resource (EGCR), unveiling a comprehensive plan that promises to reshape the future of the global economy. This significant development follows the announcement of the EGCR initiative just one week earlier at the Global Economic Growth Virtual Summit, where 165 nations participated in discussions aimed at addressing the economic challenges facing both local and global markets.
During the summit, Dr. Dominion V. Judah, the President-General of WSANDN, while speaking to the audience which included delegates from the United States, India, China, UK , South Africa and Russia, introduced EGCR as a groundbreaking financial framework designed to provide sustainable solutions to global economic problems. In a passionate address, Dr. Judah declared, “EGCR is the future of the global economy, it will end poverty, create massive jobs, uplift local economies, and totally upgrade the life of every single person around the world. More imperatively, it will achieve global peace.”
As the WSANDN Releases the EGCR Whitepaper, it marks the beginning of what Dr. Judah and the Organization believe will be a historic journey to unlock a staggering $300 trillion in economic potential. Through a combination of innovative financial instruments, technological integration, and cross-border collaborations, the EGCR plan aims to revitalize economies, reduce inequality, and create a financial ecosystem that works for everyone.
The Vision Behind the EGCR Plan
The EGCR is built on the idea of fostering economic growth by enhancing the flow of capital between national and subnational entities. The plan introduces a series of new financial mechanisms, including Sovereign Wealth Funds (SWFs), Subnational Wealth Funds (SnWFs), as well as Subnational and National Capital Markets (SNCMs). These tools are designed to ensure that both national governments and local administrations have the necessary resources to invest in critical infrastructure, economic development, and job creation.
Sovereign Wealth Funds (SWFs) have long been a cornerstone for countries looking to manage their national savings and diversify their investments. Under the EGCR framework, every nation will have SWF, through collaboration with various stakeholders and partners and these funds will play a crucial role in channeling resources into large-scale projects that stimulate economic growth while contributing to long-term financial stability. Dr. Judah’s vision calls for SWFs to not only manage assets for the future but to actively fund projects aimed at improving public health, education, renewable energy, and the environment.
Meanwhile, Subnational Wealth Funds (SnWFs) will address the financial needs of local governments and regional administrations, which often struggle to secure the funding necessary for large infrastructure projects. By leveraging these funds, local governments will gain access to capital that would otherwise be difficult to obtain, ensuring that regions across the globe can build and maintain the infrastructure required to drive economic development.
The creation of Subnational and National Capital Markets (SNCMs) represents one of the more ambitious aspects of the EGCR initiative. These capital markets will allow subnational governments, including cities and provinces, to access global financial markets, accessing direct investments, raising funds for local development and empowering them to execute projects that directly benefit their economies. The integration of SNCMs into the global financial system will allow for a more decentralized approach to financing, reducing the reliance on central governments and ensuring a more balanced distribution of capital.
Key Financial Mechanisms: SDFs, DMIs, SnFIs, and More
A cornerstone of the EGCR framework is the creation of Sector Development Funds (SDFs), which will focus on key economic sectors in need of investment. These sectors include clean energy, healthcare, education, agriculture, and technology—areas where global investment can have a transformative impact. By directing capital into these sectors, the EGCR aims to not only boost economic growth but also address critical global challenges, such as environmental crises and the need for equitable access to resources.
In addition to SDFs, the EGCR whitepaper emphasizes the importance of Debt Management Institutions (DMIs), which will play a critical role in managing sovereign and subnational debt. DMIs will work with governments to design debt relief and restructuring programs, offering a pathway out of the debt traps that many countries find themselves in today. With the integration of blockchain and artificial intelligence (AI) technologies, these institutions will be better equipped to create data-driven solutions that improve the management and reduction of debt burdens, freeing up resources that can be reinvested into growth initiatives.
Further enhancing the financial ecosystem are Subnational Financial Institutions (SnFIs), which are being created to provide a broader range of financial services to local governments and businesses. These institutions will act as intermediaries, facilitating loans, investments, and risk-sharing arrangements between local governments and private investors. SnFIs will ensure that capital flows more efficiently to where it is needed most, improving the access of regional economies to global markets.
EGCR Deposit Insurance: Ensuring Stability and Trust
A novel feature of the EGCR plan is the introduction of EGCR Deposit Insurance, designed to provide security to investors and businesses participating in the EGCR framework. This insurance will cover a wide range of investment types, including deposits held by businesses and individuals in EGCR-backed ventures. With coverage of up to $10 million for businesses and $2 million for individual depositors, EGCR Deposit Insurance aims to foster confidence and stability within the system, encouraging more stakeholders to engage in cross-border investments.
The establishment of this insurance mechanism is particularly timely, given the current global economic volatility. By offering these protections, the EGCR initiative hopes to build trust and mitigate fears of potential financial instability, which could otherwise hamper participation in the ambitious global economic transformation it seeks to achieve.
The Road Ahead: A Global Economic Revolution
The release of the EGCR whitepaper is only the beginning of a long-term global effort to transform the way nations and subnational governments interact with global capital markets. As the EGCR framework is rolled out, WSANDN plans are in top gear to establish a global network of financial institutions, local governments, and private investors that will work together to ensure the success of the initiative. Meanwhile the Organization’s newly formed Global Economic Council (GEC) which comprises of 1300 Forbes World listed billionaires and influential entrepreneurs, will play a key role in the success of this lofty global vision.
In the coming months, WSANDN will begin pilot programs to test the viability of the proposed financial structures, starting with the implementation of Subnational National Capital Markets and Sector Development Funds. These early-stage projects will serve as models for future global economic partnerships, providing valuable data and insights into how the system can be scaled and refined over time.
As Dr. Judah said in his address: “The EGCR plan is a new way of thinking about how we build economies. It’s about connecting people, resources, and technologies in ways that allow for shared prosperity. This is not just about financial growth—it’s about creating a world where every person has the opportunity to thrive.”
The release of the EGCR whitepaper, and the enthusiastic reception it has received from global leaders and financial experts, marks a turning point in global economic development. The $300 trillion opportunity that EGCR represents is within reach, and the world is watching closely as WSANDN works to bring this vision to life.
For more information, the full whitepaper can be accessed on the WSANDN official website.
