Monday, June 11, 2007

ForeignAID Ratings

In 2006, PROCOSI participated in a study of 11 NGO (non-governmental organization) networks that work in Latin America. The principal objective of the study was to identify the factors that contribute to the development of effective, transparent, and sustainable organizational networks.

The study was conducted by the specialized company ForeignAID Ratings, based in New Jersey, and was commissioned by the central USAID office in Washington. It included the certification of participating organizations under a scale developed by the business itself.

PROCOSI received a grade of AA (8.1 points out of 10), which reflects “exceptional institutional development and an elevated socio-economic value per unit of financing channeled through the network.” This grade places PROCOSI with in the three top-scoring networks in the study.

The dimensions evaluated during the certification process were:

  • Socio-economic impact of the network
  • Institutional development
  • Financial efficiency and stability
  • Accountability and transparency
  • External relations

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