The landscape of international development is currently navigating a period of significant challenge and uncertainty. Recent data from the OECD indicates a notable fall in Official Development Assistance (ODA) in 2024, the first decrease in several years. These recent cuts stem from a confluence of factors, including economic pressures in donor countries, shifts in geopolitical priorities, and increasing domestic fiscal demands. The uncertainty surrounding the consistency and level of future aid flows necessitates a greater focus on the effective and efficient use of every development dollar, emphasising value for money. 

How do we ensure international development programmes truly deliver impact? It's a question that goes beyond just cutting costs. Achieving genuine Value for Money (VfM) isn't just about minimising expenses; it's about maximising effectiveness. In this episode, we explore practical tools and strategies to measure and improve VfM, ensuring every development dollar delivers its fullest potential for real-world impact. 

Special thanks to our guest, Deep Biswas (Economist and VfM Consultant) for his valuable insights.

Our website: @flywheeleconomics.com

Socials: @flywheeleconomics

Hosted on Acast. See acast.com/privacy for more information.