Excerpt: “Today, Deputy Administrator Isobel Coleman highlighted recent steps USAID has taken to maximize the impact achieved on humanitarian and development objectives for every dollar of U.S. foreign assistance spent. At an event hosted by the Center for Global Development, alongside implementing partners and aid effectiveness experts from around the world, the Deputy Administrator reaffirmed USAID’s commitment to cost-effectiveness by launching two new Agency policy documents:
- A Position Paper on Cost-Effectiveness, which articulates USAID’s commitment to achieving the greatest possible impact per dollar of taxpayer resources spent, through the use and generation of cost-effectiveness evidence, and
- A Position Paper on Direct Monetary Transfers, which summarizes principles and best practices for how USAID can leverage direct monetary transfers to individuals, households, and microenterprises – a form of market-based assistance – as a highly cost-effective approach for many development objectives.”