This article was originally published by the French periodical DIPLOMAT INVESTISSEMENT, Novembre-Décembre 2020, pp 53-55. In it, Mr. Keays develops the idea of project sovereignty further within the context of a project funded and delivered by foreign investors and contractors. Mr. Keays brings to light the fact that many emerging economies simply do not possess within their domestic human capital the resources, expertise, and wherewithal to convert a proposed project into a tangible, bankable endeavour capable of attracting high quality investors. By the same token, this “implementation gap” is itself turned into an opportunity by the host nation to use these projects as catalysts of human capital development, within a framework that is mutually beneficial between stake and shareholders.
