Generating counterpart funds
Description
Generating counterpart funds involves mobilizing local currency resources by converting foreign aid or loans into domestic funds, typically through the sale of imported goods or services. This strategy ensures that external financial assistance directly supports national development priorities, facilitates project implementation, and strengthens local ownership. By providing readily available funding for government or community initiatives, it remedies challenges of limited domestic capital, enhances fiscal flexibility, and promotes more effective and accountable use of international aid.
Broader
Facilitated by
Related
Metadata
Database
Global strategies
Type
(D) Detailed strategies
Subject
- Commerce » Finance
Content quality
Yet to rate
Language
English
1A4N
J5984
DOCID
12059840
D7NID
211083
Editing link
Official link
Last update
Dec 3, 2024