Global Receivables Ratification Initiative Broaden UN Convention Ratification
Overview
The Global Receivables Ratification Initiative (GRRI) is Globalgood Corporation’s flagship advocacy drive to secure universal adoption of the UN Convention on Assignment of Receivables in International Trade. Only two states have ratified to date, yet the Convention is the simplest way for every nation to treat existing, fully-earned receivables as clean, assignable assets — a cornerstone of the working Credit-to-Credit (C2C) Monetary System that already circulates URU and CRU.
Universal ratification will
• eliminate legal grey-zones left by the post-1971 fiat era
• streamline cross-border trade finance for SMEs and multinationals alike
• provide a ready pipeline of audited value to reinforce each country’s Primary Reserves, side-by-side with gold and other assets
• deliver a watertight legal chapter for the Proposed Treaty of Nairobi – Bretton Woods 2.0
Objectives
- Win at least 60 additional ratifications by the end of 2030, paving the way to near-universal coverage during the first GUA compliance cycle.
- Ensure the Convention’s language is woven into Article VIII of the Treaty of Nairobi, making it the default rule-set for receivable-backed reserves.
- Publish and continuously update a Model Receivables Act that parliaments can tailor in weeks, not years.
- Launch an Open Ratification Dashboard so citizens, journalists and markets can watch progress in real time.
Why This Matters Now
Nixon Shock Reversal
Breaking the gold link did not erase the need for money to rest on tangible value; it simply hid the anchor inside compounding sovereign debt. Giving receivables clear, transferable status rebuilds that anchor with tools today’s businesses already understand.
Scaling Today’s C2C Infrastructure
URU and CRU show that fully-backed money works. Ratification extends the same legal certainty to every domestic receivables pool, so the C2C framework can expand without inventing new asset classes.
Poverty Alleviation & SME Liquidity
A carpenter in Accra or a coffee co-op in Addis can pledge an invoice for same-day liquidity once local law mirrors the Convention. Credit flows faster, poverty retreats sooner.
Role of Central Ura & Other Oversight Entities
Central Ura Reserve Limited will accept Convention-compliant receivables into URU’s global reserve basket once national audits verify the claims. Central Ura Organization LLC supplies template legal clauses, and the broader Oversight Entity network stands ready to certify audit protocols until the GUA assumes that role.
Implementation Path
Stage 1 – Global Stock-take (Q3 2025 – Q2 2026)
Produce a country-by-country readiness map, meet permanent missions in New York and Geneva, and publish multilingual explainer videos.
Stage 2 – Model Legislation & Technical Clinics (Q3 2026 – Q4 2027)
Release the Model Receivables Act and host drafting boot-camps for legal teams in twenty pilot states. Parallel webinars train registry officials on UCC-style filing.
Stage 3 – Regional Capacity Builds (2028-2029)
Five in-person forums — Accra, Nairobi, Washington, Geneva, Singapore — pair ministers with exchange operators and audit firms. Pilot “Invoice Chambers” registries go live in ten jurisdictions.
Stage 4 – UN & Treaty Alignment (2030)
Table a progress report at UNCITRAL and weave final language into the negotiating text for the Treaty of Nairobi.
Stage 5 – Global Countdown (2031-2032)
Digital advocacy campaign #ReceivablesForReserves, ministerial bilaterals during treaty week, and a capstone summit once three-quarters of UN members have deposited instruments of ratification.
Globalgood Advocacy Budget (2025-2032)
- Research, briefs, translations and design ≈ USD 500 000
- Ten regional round-tables & clinics ≈ USD 750 000
- Secretariat services for drafting cohort ≈ USD 900 000
- Digital dashboard & campaign assets ≈ USD 300 000
- Continuous webinar training & help-desk ≈ USD 250 000
Total advocacy outlay: roughly USD 2.7 million over seven years.
Implementation costs — registries, IT builds, parliamentary hearings — remain with host governments, exchanges and, post-treaty, the GUA.
Monitoring & Success Markers
Progress will be tracked on a public dashboard that lists:
- ratifications deposited at the UN Treaty Office
- enabling statutes passed
- live registry launches
- volume of receivables assigned cross-border under the new rules
Independent auditors will review dashboard data twice a year, and results feed into Globalgood’s Donation-Impact Reports.
Invitation to Participate
Governments & Parliaments – request the Model Receivables Act and schedule a drafting clinic.
Law Firms & Auditors – volunteer pro-bono hours for statute tailoring and pilot audits.
Exchanges & Fintechs – join the Invoice Chamber pilot cohort.
Donors & Sponsors – fund a regional forum or the multi-language video series.
Contact projects@globalgoodcorp.org to pledge support or seek technical assistance. Together we will clear the legal runway for every honest receivable to become honest money — and for every nation to enter Bretton Woods 2.0 with reserves that are transparent, transferable and truly trustworthy.