MISSION

Our mission is, amongst other sustainable economic development objectives, to assist especially under-developed, developing and emerging market economies experiencing high inflation or hyperinflation to immediately stop

(1) the very erosive effect of such high inflation or hyperinflation in their monetary economies, as well as

(2) the equally erosive effect of the stable measuring unit assumption in their constant real value non-monetary item (constant item) economies

by means of the implementation of capital maintenance in units of constant purchasing power as authorised in IFRS twenty three years ago.

This would stabilise a country´s entire economy which would increase the level of sustainable economic development for an indefinite period of time in all entities that at least break even in real value – all else being equal.

Daily Index Plan

Our activities can take various forms, especially technical assistance to these countries´ National Accounting Standards Authorities to immediately adopt capital maintenance in units of constant purchasing power as authorised in International Financial Reporting Standards (IFRS) in 1989.

This entails the implementation of the Daily Index Plan which consists of the following two parts:

(a) Capital maintenance in units of constant purchasing power as authorised in IFRS in terms of a Daily Consumer Price Index (Daily CPI) in high inflation economies and the daily US Dollar free-market exchange rate in hyperinflationary economies.

(b) Daily inflation-indexing of the entire money supply under complete co-ordination.

The Daily Index Plan is based on the very successful 1994 Brazilian Real Plan with the accounting part authorised in IFRS in 1989. It is guaranteed to remove

(i) the very erosive effect of high inflation and hyperinflation from the monetary economy, as well as

(ii) the equally erosive effect of the stable measuring unit assumption from the constant item economy when the plan is implemented correctly.

BASIS OF ACCOUNTING

Basis of Accounting

All daily accounting as well as financial reporting of Sustainable Development Without Borders shall be done at all levels of inflation and deflation in terms of financial capital maintenance in units of constant purchasing power in terms of the Daily Consumer Price Index in Portugal as authorized in International Financial Reporting Standards in the Conceptual Framework (2010), Paragraph 4.59 (a).

IFRS are implemented in Portugal.

FOUNDING MEETING

The founding meeting of the newly formed Non – Governmental Organisation, SUSTAINABLE DEVELOPMENT WITHOUT BORDERS (NGO) was held on the premises of AERLIS in Oeiras on 30 November 2012.

The mission of the newly formed NGO is amongst other sustainable economic development objectives to assist under-developed, developing and emerging market countries experiencing high inflation or hyperinflation to immediately stop

(a) the very erosive effect of such high inflation or hyperinflation in their monetary economies as well as
(b) the equally erosive effect of the stable measuring unit assumption in their constant real value non-monetary item economies (constant item economies) with the Daily Index Plan.

The Daily Index Plan has two parts:

(i) Capital maintenance in units of constant purchasing power as authorised in IFRS in 1989 and
(ii) Daily inflation-indexing of the entire money supply under complete co-ordination.

The Daily Index Plan is based on the very successful Brazilian Real Plan that stopped hyperinflation in Brazil overnight at no cost.

This would stabilise the entire economy which would increase the level of sustainable economic development for an indefinite period of time in all entities that at least break even in real value – all else being equal.

The founding members provisionally elected the following members to the statutory bodies:

General Assembly Board

Chairman: Carlos Baptista

Vice Chairman: António Mendes

Secretary of the Board: Harriet Smith

Management Board

Executive Director: Nicolaas Smith

Vice Executive Director: José Gomes

Director: Ana Ferreira

Audit Committee

Chairman: Rui Feiteira

Relator: Ana Paula Mendes

Secretary of the Audit Committee: Helena Lobão

The founding members also approved the NGO´s Articles of Association, Internal Regulations, strategic orientation and fundamental areas of activities.

The NGO´s first priority is to secure funding for its activities which will almost entirely be outside Portugal in under-developed, developing and emerging market economies with high inflation or hyperinflation.

Target countries with hyperinflation include but are not limited to:

Belarus

Venezuela

Democratic Republic of Congo

Target countries with high inflation include but are not limited to:

Ethiopia

Sudan

Guinea

Democratic Republic of Yemen

Tanzania

Mongolia

Nigeria

Angola

Argentina

Sustainable Development without Borders

AERLIS, Oeiras, Portugal 30 November 2012