Civil society organisations have been working with the Department for International Development (DFID) to achieve true cost transparency in our grants. Since October 2017, a group of NGOs convened by Bond and Humentum started working with DFID to co-create a practical methodology, template and guidance that would satisfy the needs of all key stakeholders.
This blog originally appeared on the LINGOs blog.
In the NGO sector, there is an increasing demand for financial accountability but at the project level there is a widespread shortage of skills. Most NGO managers are not finance experts, and even those who are have no agreed standard of competency. That’s where FMD Pro comes in.