Financial management

Money makes the world go around, and well over $25 billion dollars will be spent this year in humanitarian response. Sound financial management, hence, is a precondition for aid to save lives. Financial management involves financial planning and budgeting, relationships with private and institutional donors, cash flow, appropriate financial staffing and systems, and robust control measures. Across the sector, financial management must adapt to different national administrative regulations, the differences between HQ and the field or project versus overhead costs, and an inherent degree of long-term uncertainty in agency finances.
Financial newspaper with charts and figures
Photo: Andreas Poike

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