Transparency is improved with new tool to analyse funding flows
The Food and Agriculture Organization of the United Nations (FAO) has launched a new online tool to better understand the financial flows into the food and agricultural sectors from Official Development Assistance (ODA).
The tool, called AIDmonitor, is a deep dive into where aid is coming from and how it is disbursed across the world. It takes in UN agencies, non-governmental organisations and governments.
The tool is understood to be the first of its kind and covers vital sectors, such as food security, nutrition, and rural development activities. It was developed through analysing reams of data from the Organisation for Economic and Co-operative Development, and aggregating it across FAO sectors. It has also benefited from a lengthy peer review and consultation process across the major development institutions.
Gustavo Gonzalez, FAO Director of the Resource Mobilisation Division, commented:
“FAO recognised that there was a gap in data analysis and this is how AIDmonitor was born. In today's rapidly changing aid environment and increasing interest in value for money, understanding development aid flows is vital to plan and build partnerships. AIDmonitor helps decision-makers opt for informed choices”.
"The tool can improve understanding of funding flows, identify the underfunded sectors and the largest gaps and priorities. This is an essential step to monitor progress. It will also bring more transparency, and it can lead to greater synergies to build more strategic partnerships, improve coordination and increase effectiveness of development assistance”
You can access AIDmonitor here
Learn more about this revolutionary approach to food security at the Climate Smart Agriculture Congress on the 6 – 7th March 2018 in Nairobi, Kenya. Hosted by the Aid & International Development Forum (AIDF), this summit will look into innovative financing, capacity building, partnerships and the use of technology to advance climate-smart agriculture practices in the African region. Find out more and register your attendance here: http://csa-africa.aidforum.org
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Image Credit: FAO