“This is an excellent example of how the private sector can work in partnership with NGOs and development agencies to help achieve value for money and deliver impact” said Timothy A. A. Stiles, global head of KPMG’s International Development Assistance Services (IDAS) practice. KPMG is the only professional services firm to lead a Knowledge and Innovation Mini-Debate at the HLF4 in Busan.
“As direct recipients of Official Development Assistance as well as private and philanthropic grants amounting to about USD60 billion, NGOs play a vital role in frontline delivery to developing countries. Interest and convergence by donors, beneficiaries and taxpayers in the accountability and effectiveness of aid in general, and NGOs in particular, has increased.”
Mr. Stiles continued: “It’s critical that independent third parties like KPMG play a role in furthering mutual accountability as both donors and NGOs work to apply business principles to grant implementation and seek to ensure value for money in development.”
For more information
Jennifer Samuel
KPMG International
+1 416 451 8185
About KPMG International
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 150 countries and have 145,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.