Dangerous Ground
Unless there is ICAO issuing of the licences, this will end in a mess. It can be done, it can work, and it certainly can produce some quality airline pilots. It can also produce highly incompetant, in some cases dangerous, pilots if left to individual government regulators. Its evident (Garuda, Merpati) that recruiting locally for numbers, not quality, hasn't always produced a desirable result. Left to governments with conflicting interests (build local workforce) and this licence could become a shortcut loophole to stuff as many locally 'trained' cadets into the right seat. We all know where this ends...