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Blockchain and Good Governance: How TruBudget (Trusted Budget Expenditure) might change aid modalities

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Increasing efficiency and transparency in development cooperation (and beyond)
Speakers: Piet Kleffmann (KfW) and Manuel Papouschek

Description

Inefficiencies and high risks of misappropriation of funds have led donors to establish parallel structures for the disbursements of funds in partner countries. While the global Aid Effectiveness Agenda promotes the use of partner country systems in development cooperation, in reality, donors have developed their own customized procedures designed to minimize risks. As a consequence, country systems remain weak and the structural impact of development cooperation remains limited. In addition, partner countries are left with the onerous task of coordinating various donor requirements and programmes.

Digital innovation could now help to address this problem: KfW Development Bank together with KfW’s Digital Office has developed a software which can serve as a platform to track and coordinate the implementation of donorfunded investments. By promoting trust on the part of the donor partners, TruBudget could make the use of country systems viable. It will further allow partner countries to increase efficiency and facilitate donor coordination. This webinar highlights TruBudget and how it operates.

Complementary to our internal online event series, giz.digital*joins forces with www.toolkit-digitalisierung.de to offer a dedicated online event for GIZ and for members of external partner organizations – let´s open up our discussion, share your digital experiences and join our next online event. For this webinar Skype for Business is required.

Time

Freitag, 31. Januar 2020
09:30 – 10:15  Uhr(UTC+01:00) Amsterdam, Berlin, Bern, Rom, Stockholm, Wien 


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