Aid localization, or giving money directly to a developing country’s government or to local nongovernmental organizations, is an irrefutable trend. In fact, a recent Global Finance Strategies report showed 74 percent of donors and 94 percent of recipients identifying it as such.
But plenty of strings come attached with the money, and donors and local implementing organizations alike often find reporting requirements unnecessarily burdensome. Nearly 100 percent of aid recipients said that meeting donor reporting and compliance requirements is a significant challenge, according to the survey.
What are some practical solutions? Linn Dorin, founding principal of Global Finance Strategies, shared her insights with Devex at a panel event in Washington, D.C., moderated by Devex President and Editor-in-Chief Raj Kumar.
Donor harmonization and streamlined reporting requirements are two areas where Dorin would like to see improvement.
Watch the clip above to find out what other operation systems she said could decrease burden on both donors and implementing partners.
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