Originally posted on Phil Vernon's blog:

There has been a great deal of noise, confusion, and at times sound and fury, over Value for Money (VfM) among overseas development NGOs based in the UK, of late. This is because so many of us depend on UK government funding from DFID, which has been taking VfM more seriously since the last election – and not surprising it has, given the degree of scepticism about overseas aid among UK taxpayers, some MPs, and journalists.

We in the NGO community are a bit scared because many of us:

1. lack confidence that others feel as strongly about our work as we do

2.don’t  understand VfM very well, and we get confused messages from different DFID staff we encounter (many of whom don’t seem to understand it very well, either – indeed a senior government economist said publicly at a meeting I attended at the end of 2011, that if…

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