AGFUND seeks to achieve its development mission through the following:
1. Financing of development projects proposed by its partners.
2. Launching development initiatives.
3. Encouraging creativity and innovation through AGFUND International Prize.
AGFUND approves financing of development projects proposed by its partners after having them presented and studied by its Board of Directors. In the light of its mission and goals, AGFUND has adopted specific criteria that it applies for selecting projects, identifying funding priorities, monitoring its implementation and circulating them when completed.
1-1 PROJECTS SELECTION CRITERIA:
Project selection criteria are applied to identify projects that meet AGFUND’s requirements for funding, these are as follows:
- Consistency of the project objectives:
The objectives of the project must be consistent with AGFUND’s objectives and its development areas in terms of identifying the target groups and their aim to meet their needs.
- Sustainability of the project:
The project must aim to achieve sustainable human development and continuity of benefit for the beneficiary groups.
- Viability of the project implementation:
Accessibility of an appropriate work environment and all other necessary capabilities and skills for project implementation, such as:
1. Adequate human resources and management expertise capable of implementing the project efficiently.
2. Appropriate financial regulation and accurate, internal and external audit system.
3. Appropriate action plan and implementation program.
- Appropriate timeline:
The timeline required for the implementation of the project must be appropriate and compatible with the elements and activities included in the project.
- Reasonable costs and feasible contributions:
The cost of the proposed project must be reasonable and commensurate with similar projects in terms of nature and size.
- Eligibility of the project implementing agency:
The project implementing agency must be accredited by AGFUND.
- Ongoing expenses are not financed:
The funding required of AGFUND shall be exclusively dedicated to items and elements of the project and its main components. Ongoing or operational expenses such as salaries and maintenance ... are NOT covered.
1-2 CRITERIA FOR PROJECTS’ FEASIBILITY EVALUATION:
Integrated studies on the project feasibility should be submitted to help in judging the proposed projects in terms of:
- Measurability of results:
The existence of a clear and strong link between project objectives and results, the possibility of measuring these results and how effective they are in achieving the project objectives and consequently those of AGFUND, is an important factor in assessing the feasibility of the project and its impact on the ground.
- Financial and manpower needs:
1. Human Needs:
The project must have clear needs of manpower for its implementation and supervision in terms of number, qualification, and experience required.
2. Financial Needs:
Breakdown of all the items to be funded, and identify available funding and the funding required and the reasonableness of these all.
- Availability of sufficient information about the project:
Detailed information about the proposed project, showing the number of beneficiaries, information about similar projects as implemented in the same country or by the same agency.
- Reasonable schedule:
The project activities shall be carried out within the framework of a reasonable schedule showing the total period of the project implementation . The schedule must be consistent with the financial plan, which reflects the required funding for implementing the activities according to its phases. The project implementation duration must be reasonable in light of the past experiences.
- Cost and benefit analysis:
The relationship between the costs of the project and its results and benefits to be received by the target group, as compared with other similar projects.
1-3 CRITERIA FOR DIFFERENTIATION BETWEEN PROJECTS:
The process of differentiation between projects proposed for funding is a step following the process of making sure that they conform to AGFUND funding criteria. the Differentiation criteria shall be applied as follows:
- Degree of Development:
Priority is given to projects that most serve the world's least developed and low-income countries, as defined by the United Nations and the World Bank.
- Number of Beneficiaries:
Priority is given to projects that most serve larger segments of beneficiaries and the target groups.
- Support of Pioneering Projects:
Priority is given to pioneering and distinguished projects that correspond with the objectives of AGFUND, which can be circulated to different destinations.
- Support of Successful Projects:
Priority is given to projects which constitute a supplement or a replication of successful existing projects, which succeeded in achieving the objectives of AGFUND, such as those which were awarded AGFUND’s International Prize or those which were highly ranked during the evaluation of projects nominated for the Prize.
- Amount of Contribution Provided by the Implementing Agencies or Other Financiers:
When differentiating between projects proposed for funding, priority is given to projects in which the amount of contribution by the executing agency is big or there is contribution by other financiers.
- Availability of Successful Previous Experience:
Priority is given to projects implemented in light of previous successful experience, whether by the implementing agency or in the recipient country.
1-4 PROJECTS FOLLOW-UP AND EVALUATION CRITERIA:
The follow-up and evaluation of project implementation is a systematic work undertaken by AGFUND to ensure that the project objectives were fulfilled and the expected results were attained. These are as follows:
- Adherence to the schedule of the project implementation:
Submission of periodic reports on the implementation phases as provided in the agreed schedule. The implementing agency shall be committed to the duration agreed on for the project completion.
- Compliance with the terms of financing:
Ensuring commitment of the implementing agency to the terms and elements of funding as identified in the project’s plan and agreement. Also, ensuring commitment of the implementing agency not to waive or transfers between items without written consent from AGFUND.
- Follow-up the Project Implementation:
The project implementation shall be followed up through field visits to monitor work progress and ensure that the implementation is carried out in accordance with the project plan and that the financial and technical reports were accurately prepared by implementing agency in accordance with the Project Agreement.
- Highlighting AGFUND’s Role in the Project:
The project implementing agency must highlight AGFUND’s name and role in all the project outputs and publications in various stages of implementation.
- Assessment of the Project Impact After Completion:
In coordination with the implementing agency, AGFUND conducts field assessment of the project by visiting the site and make sure that the project has achieved its objectives. Views of the beneficiaries should be examined, sometime after the project completion, to measure the level of their satisfaction.
SPECIFICATIONS SET BY AGFUND FOR FUNDING THE PROJECTS PROPOSED BY UN AND INTERNATIONAL ORGANIZATIONS:
First: The implementing organization must be accredited by AGFUND’s Board of Directors, and one of its projects was previously funded by AGFUND.
Second: It must fill in the application form approved by AGFUND (A development Project Funding Application Form).
Third: Mechanism of accreditation of UN/international organizations:
- To apply for accreditation as a partner organization entitled to submit its development projects to be funded by AGFUND, the organization shall submit a letter and a copy of its statute.
- The organization shall comply to the following conditions:
1. The objectives of the applicant organization should be consistent with AGFUND’s objectives.
2. The applicant organization should not have political goals and must implement its projects without any kind of discrimination.
3. The organization must have working experience of more than 5 years.