CAF America’s Post

Madhuresh & Associates. FCRA: Guidelines, Registration Process and Compliance for NGOs and Trusts The Foreign Contribution (Regulation) Act (FCRA) serves a crucial role in regulating foreign contributions to prevent activities detrimental to national interest. This overview delves into the act’s objectives, applicable rules, criteria for receiving foreign contributions, registration process, and guidelines for utilization and reporting. Read more at Madhuresh & Associates Contact: 9650946707 & 9690198901 Gmail: hellomadhureshassociates@gmail.com. https://lnkd.in/dgK6XKV5 #FCRA #Guidelines #Registration #Process #Compliance #NGOs #Trusts

France is the fourth-largest country provider of foreign aid but it recently cut its official development assistance (ODA) by 13%. In 2021, France committed by law to increase aid to 0.7% of Gross National Income by 2025. So what changed? 🤔 In the UK, this is a familiar tale. I had been proud to live in a country that was a heavy hitter when it came to foreign aid. But then in 2020, our government announced that aid spending would ('temporarily') be cut from 0.7% to 0.5% of GNI. An example of prioritising short-term electoral wins over long-held values. And lives. https://lnkd.in/e28nmHhq #DevelopmentAssistance #InternationalDevelopment #AidPolicy

"In the current context of the widening gap between the development funding mobilized and the urgent requests to spend the money on development objectives, we need to optimize all sources of development finance." "Domestic resource mobilization is a crucial part of this puzzle. Bilateral aid flows pale in comparison when it comes to countries' own ability to mobilize resources and their importance for countries to take ownership of their own development and providing for their citizens." "The [Global Public Finance Partnership, or GPFP] that sets the focus on low-income countries and fragile contexts comes well placed to mobilize the IMF abilities and bring them to bear where they are most needed", says Elina Scheja, Chief Economist at the Swedish International Development Agency Sida https://lnkd.in/eMXd9FgQ Sweden's Sida is one of the initial 9 donor partners of the GPFP. #IMFPartners #IMFCapDev #GPFP Jakob Granit Marie Ottosson Tommy Strömberg Torbjorn Pettersson Franck Bousquet Peter Kunzel Marion Muscat Vitaliy Dubil

In fiscal year 2023, approximately 10% of the Philippine's Gross Domestic Product came from remittances. "The UN states that at least one in nine people globally are supported by funds received from abroad, and half of the amount ends up in rural areas, where some of the world’s poorest people live. This also makes remittances three times more important than international aid. On a global scale, personal inbound remittances have risen seven times between 2000 and 2023." — https://lnkd.in/egAqdQw2 #Remittance #boosting #economy #Philippines #OFW #overseas #knowledgeandpatience #elmads

🔔 NEW UKSCI BLOG POST: 𝐈𝐬 𝐈𝐭 𝐓𝐢𝐦𝐞 𝐟𝐨𝐫 𝐏𝐚𝐫𝐥𝐢𝐚𝐦𝐞𝐧𝐭 𝐭𝐨 𝐀𝐦𝐞𝐧𝐝 𝐭𝐡𝐞 𝐒𝐮𝐛𝐬𝐢𝐝𝐲 𝐂𝐨𝐧𝐭𝐫𝐨𝐥 𝐀𝐜𝐭 𝟐𝟎𝟐𝟐? by Alexander Rose The Subsidy Control Act 2022 received Royal Assent nearly two years ago and provides UK public authorities with a faster and more permissive regime under which to award subsidies than existed under EU State aid rules. This article considers whether Parliament should act now to amend the regime, updating the rules to prioritize value for money considerations. Read the full blog post: https://loom.ly/zDVrhCs 𝗦𝘁𝗮𝘆 𝗮𝗵𝗲𝗮𝗱 𝗼𝗳 𝘁𝗵𝗲 𝗰𝘂𝗿𝘃𝗲: Subscribe to our Newsletter and get early access to UKSCI articles!

Experts suggest that Pakistan must take decisive steps to reduce regressive subsidies. Read Article, click on ⬇️ link https://lnkd.in/dxQqh9MA #inp #independentnewspakistan #inp_wealthpk #subsidies

Happy International Day of Family Remittances!! "Digital remittances towards financial inclusion and cost reduction." Today, we celebrate the International Day of Family Remittances (IDFR), a day dedicated to honoring the invaluable contributions of millions of migrants who provide crucial support to their families and communities through the money they send back home. Let's continue to promote digital solutions that enhance financial inclusion and reduce costs, maximizing the impact of remittances on sustainable development. #IME #IMEGarau #IMEPay #InternationalDayOfFamilyRemittance #REMITTANCE

The flow of foreign funds to non-government organisations (NGOs) operating in Bangladesh reached a six-year low in the just-concluded FY23, which sector insiders attribute to global donors redirecting their financial support to the war-torn nation of Ukraine. The flow of foreign funds shrank by 10% in FY23 and the number of approved projects was down to 2,007 from the previous fiscal's 2,061, according to NGO Affairs Bureau, the government's regulatory body. 

The new OECD rules on reporting private sector aid reflect efforts driven largely by finance ministries in donor countries to score ODA without budgetary outlays. Stephen Cutts warns this will trigger a gradual shift away from grants. I see no reason to believe that these new rules will incentivise private sector involvement in development, especially in the poorest countries. On the contrary, the new rules actually undermine the integrity and robustness of ODA statistics, he writes. Steve Cutts Riegler Hedwig Jon Lomoy Simon Scott Publish What You Fund OECD Development #climatefinance #sdgs #povertyalleviation #impactinvesting #oda #developmentfinance Read the Opnion here: https://lnkd.in/dsg7z5rm

🌍 Foreign Remittances: Tax-Free in Pakistan! 💸 Great news for overseas Pakistanis and international investors! Foreign remittances sent to Pakistan are not taxable. This beneficial policy encourages more inflows, boosts the economy, and supports our diaspora’s contributions to their homeland. Key Benefits: 1. Tax-Free Remittances: Enjoy sending money back home without worrying about taxes. 2. Economic Boost: Your contributions help in strengthening Pakistan’s economy. 3. Supportive Environment: The government provides a favorable environment for overseas Pakistanis. Spread the word and take advantage of this opportunity. Let’s continue to support Pakistan’s growth and prosperity! 🇵🇰💼 #ForeignRemittances #TaxFree #OverseasPakistanis #EconomicGrowth #InvestInPakistan #DiasporaSupport #PakistanEconomy #RemittancePolicy