| Some recipients are
so short of cash (or quashed by exchange rate and labour cost differences
- in case of poor countries), that the concept started depriving the
poorest of support. Imagine – you need a couple of million USD
in support, requested co-financing rate is 80/20, so you have to come
up with half a mil, and in your country half a mil is 100 persons
salary for 10 years. If you had that cash, you would not need any
donor. The funder still cannot give requested 2 mil unconditionally
– he wants you to commit something, as without your financial
participation he has no other way to determine if this is a priority
to you. What to do? A solution came out in a concept of "in-kind
contribution". |
|