A social fund (sometimes also called Social Investment Fund, Social Fund for Development, Social Action Fund, National Solidarity Fund or Social Development Agency) is an institution, typically in a developing country, that provides financing (usually grants) for small-scale public investments targeted at meeting the needs of poor and vulnerable communities. Social Funds also aim at contributing to social capital and development at the local level. In many cases they serve as innovators and demonstrators of new methods of decentralized participatory decision-making, management, and accountability that may be adopted for broader application by public sector organizations.
Read more about Social Fund: Prevalence of Social Funds, History and Evolution, Benefits, Criticism, Evaluation, See Also, External Links, Sources
Famous quotes containing the words social and/or fund:
“If there is technological advance without social advance, there is, almost automatically, an increase in human misery, in impoverishment.”
—Michael Harrington (1928–1989)
“I am advised that there is an unexpended balance of about $45,000 of the fund appropriated for the relief of the sufferers by flood upon the Mississippi River and its tributaries, and I recommend that authority be given to use this fund to meet the most urgent necessities of the poorer people in Oklahoma.”
—Benjamin Harrison (1833–1901)