Financial Sustainability Study
One of the biggest challenges to any
international cooperative undertaking is its ability to become financially
sustainable. Costs are associated with coordinating and supporting even
decentralized and voluntary participation of members. IABIN was mandated by
the Summit of the Americas process without a
budgeting mechanism. Funding
provided to date has focused on support for
individual short-term efforts. Although an increasing number of nations
have committed to the development of IABIN and will support it with
in-kind contributions, implementation of IABIN as an integrated network
has been hampered by the lack of a recurring financial base. Development
of additional projects, capacity building throughout the region, and
implementation of a secretariat to oversee and coordinate network
development has not been possible.
IABIN participants
had suggested and discussed various options regarding sources of
continuous funding, but no particular strategies had been selected or
pursued beyond being mentioned in the discussions. To begin the process of
establishing recurring funding, the U.S. Agency for International
Development funded two contractors to
investigate and recommend a financial sustainability strategy for IABIN.
The findings, which are detailed in their Final
Report [Word | html], will be incorporated into the PDF
project.
Terms of
Reference for the study can be viewed here.
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