## Proposed Budget and Resource Mobilization – Phase II

## Source details

**Canonical URL:** [Proposed Budget and Resource Mobilization – Phase II](https://www.imf.org/-/media/files/capacity-developement/d4d/june-2024/10-d4d-fund-financials-phase-ii.pdf)

## Other formats

- [Markdown version](/-/media/files/capacity-developement/d4d/june-2024/10-d4d-fund-financials-phase-ii.pdf.md)
- [Structured JSON version](/-/media/files/capacity-developement/d4d/june-2024/10-d4d-fund-financials-phase-ii.pdf.json)

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### Overview and objectives
- Event/Document date: June 20, 2024.
- Responsible official: Ann-Margret Westin, Deputy Division Chief, IMF Institute for Capacity Development.
- Program name/branding: FUND data for decisions.
- Primary objective: Secure multi-year external capacity development (CD) funding through prefinancing to match multi-year commitments to CD recipients and staff/advisors.

### Resource mobilization approach
- Financing model: The IMF’s model for external CD funding requires multi-year prefinancing, to match the multi-year commitments vis-à-vis CD recipients and staff/advisors.
- Prefinancing goal: Sign multi-year contribution agreements (Letter of Understandings) and receive first contributions well ahead before the start of the next Phase on July 1, 2025 to ensure uninterrupted CD delivery.

### Timeline and key milestones
- January 2023: Mid-term evaluation (Close remaining funding gap).
- Q1 FY 2025: New Program Document incl. budget.
- First Agreements Signed (milestone listed; no date specified).
- First Contributions Received (milestone listed; no date specified).
- May 1, 2025: Start Phase II.
- July 1, 2025: Target start date referenced for ensuring contributions are received well ahead of this date.
- Location referenced: Luxembourg.

### Implementation implications and actions
- Ensure multi-year contribution agreements (Letter of Understandings) are negotiated and signed in time to allow prefinancing.
- Prioritize receipt of first contributions well ahead of July 1, 2025 to avoid interruptions in CD delivery.
- Use the New Program Document (Q1 FY 2025) including budget to close remaining funding gaps identified in the Mid-term evaluation.

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_Source: https://www.imf.org/-/media/files/capacity-developement/d4d/june-2024/10-d4d-fund-financials-phase-ii.pdf_