New Core and Program Funding from the Australian Agency for International Development (AusAID)

AusAID has agreed to provide the PEP network with $AUS 800,000 in core and program funding.

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In addition to covering some of PEP’s core staff costs, this funding will also finance 11 of the 15 grants PEP expects to award at its next general meeting (June 2010). Together with parallel funding for the Policy Impact Evaluation Research Initiative (PIERI), PEP’s study on the Impacts of Financial and Economic Crisis on Developing Countries, a new research Initiative on “Simulating the Distributive Impacts of Different Growth Strategies” (below), the 2008 ARTNeT-PEP Policy Forum: Trade, Investement and Domestic Policy Coherence for Inclusive Growth, and a CBMS Pilot Test of Indicators on Missing Dimensions of Poverty, this brings AusAID’s contribution to PEP’s third phase (2008-2011) of activities to over $AUS 3 million.

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