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General Purposes


  • Program Environment
  • Program Area Transforming Development Finance
  • Grant Amount $150,000
  • Grant Period January 1, 2005–December 31, 2006
  • Location Numegen, Netherlands
  • Geographic Focus World

About this grant

This grant will enable the Bank Track Foundation to build the capacities of non-governmental organizations (NGOs) to monitor projects supported by private international investors. Because private financial institutions are expected to contribute almost $200 billion to developing countries during 2005, it is critical that environmental and social standards are included in their mandates.Multiyear funding will support objectives that include developing the institutional capacity of Bank Track; providing support to developing country partners; pursuing proactive reform efforts; monitoring the Equator Banks for implementation of Equator Principles – a set of guidelines for managing social and environmental issues related to project financing; and monitoring international policy developments.The Bank Track Foundation grew out of the work of the Quantum Leap project funded by Mott beginning in 1997. It is made up of a network of NGOs that monitor developments in the financial sector.