Financial Transparency Coalition; Support for International Non-governmental Organisations (INGOs)

Description What is done in the programme or project and why, what results are pursued, who benefits from the activities and who are involved in the implementation.

FTC convenes civil society organisations, experts and governments from more than 150 countries. FTC seeks to increase financing for development through the curtailment of illicit financial flows. FTC and its members have successfully mobilised governments and civil society stakeholders to act. The only way to fight back against a shadow financial system that knows no national boundaries is closely coordinated work across the globe, and to use resources strategically to engage in the policy dialogue where it migrates. FTC is therefore currently engaging in a strategic expansion from the initial focus on Northern policymakers toward a more global presence and identity. The programme allows to facilitate a scale up of developing country civil society and governments’ work to put in place transparency measures for development. To achieve this: 1 Civil society actors in targeted developing countries have sufficient knowledge and understanding to enter into dialogue with national policy makers with concrete suggestions for how financial transparency measures can increase domestic resources available for poverty alleviation and development; 2 Developing country policy makers have sufficient knowledge about the mechanisms of illicit financial outflows to put in place domestic measures that curbs outflows and contributes to mobilising resources domestically; 3 Developing country policy makers have organised at the regional level to form positions that they put forward in international reforms of standards on financial transparency FTC will accomplish this through a combination of training activities for civil society stakeholders and policy makers nationally and regionally, policy briefings to start the conversation in. key developing countries, and regional round tables to unify policy makers for joint action. As a truly global coalition, FTC's advocacy is primed to reach deeper levels of influence and mobilisation, thus achieving, greater policy wins that begin to measurably decrease illicit financial flows and bolster domestic resource mobilisation in developing countries.