Recommendation 1

DFID was a global leader in its approach to value for money (VfM), and the Committee are pleased to hear that some of the core foundations of DFID’s framework have transferred into the FCDO. However, it is concerning that there is very little publicly available information on the FCDO’s current understanding of, and approach to, VfM. There is also limited public guidance available for FCDO staff and operating partners on the FCDO’s approach to VfM, and how to address VfM issues. This is particularly alarming in respect to ensuring that the principle of equity, achieving which often requires more resource- or time-intensive interventions, is assessed appropriately. (Conclusion, Paragraph 17)