Smart, Cost-effective Development Approach

Print
IMG_4911 The IAF delivers development assistance in a smart and highly cost-effective manner. The IAF model maximizes the value of allocated funds, leverages resources, creates private-sector partnerships and results in sustainable solutions.

Value

The IAF selectively funds approximately 15 percent of the proposals it receives and 100 percent of its development grant budget goes directly to civil society groups. 

Leverage

The IAF requires all of its grantees to invest counterpart resources. This multiplies the effect of IAF funding and maximizes program returns. In 2015, grantee commitments of $19.3 million in cash or in kind more than matched the IAF’s investment of $15.7 million. Investing their own resources gives grantees a stake in the outcome of their projects, making them more likely to succeed and continue after IAF funding ends.

Private-sector Partnerships

The IAF actively collaborates with the private sector in joint funding initiatives, often with members of the The Inter-American Network of Corporate Foundations and Actions for Grassroots Development (RedEAmérica), an IAF-initiated business-sector alliance committed to supporting self-help projects in the hemisphere.

Accountability and Results

The IAF holds all grantees accountable for the responsible use of U.S. public funds and successful implementation of their projects through annual financial audits and required reporting on their progress in achieving targeted results.