HOW EFFECTIVE AND EFFICIENT ARE THE FOUNDATIONS OPERATIONS?
The Foundation is effective, as it has consistently met its operational targets quantitatively and qualitatively with resources approved by the Executive Board each year. It is efficient because it is achieving the same targets in each successive year with an increasing quality of output at a declining administrative cost. The cost of servicing a US$1 grant has consistently declined from US$0.20 to US$0.15 since 1998. There are therefore increasing returns to capacity-building resources channeled through the Foundation.
