DFID’s approach to value for money in programme and portfolio management – new review
The Department for International Development’s approach to value for money is helping to make UK aid spending go further, but improvements are still needed.
The Independent Commission for Aid Impact has published a new performance review, which explores DFID’s value for money approach, its progress on embedding value for money into its management processes and whether its efforts are in fact helping to improve value for money.
The review found that DFID has strengthened its processes and systems for ensuring it gains maximum value for each pound spent, has taken swift remedial action to tackle under-performing programmes, and has become a strong global champion on value for money.
However, it said that DFID’s approach was not adequately reporting and capturing results and value for money at the country portfolio level, or how programmes work together to deliver lasting impact, including reducing future dependency on aid.
Read the full review now.