Lesson

In situations of financial volatility, be cautious about setting ambitious targets

Grantees should assess financial risks to the project well in advance of implementation, especially the inflation rate. In financially volatile situations, be cautious about setting very ambitious targets and instead seek to deepen rather than broaden project engagements. This is especially important for activities that involve a high level of travel and administration at field level as these costs tend to inflate the budget, lending it inadequate for the entire funding period.