In June 2022, the IFRC launched a Community
of
Practice called the
Financial Development
Competency Network
. This initiative brings
together 624 financial managers from 111
National Societies in a space where they can
support one another,
share best practices,
co-design new approaches, and find innovative
solutions to common challenges.
The Communities of Practice approach directly
contributes to the fourth transformation of the
IFRC’s
Strategy 2030
– Working Together as a
Distributed Network. It enables practitioners
on a thematic issue to access resources and
support from peer practitioners and experts in
an easy
and direct manner, on a user-friendly
platform with a human-centred design. A gov-
ernance system was also put in place in 2022
to ensure consistency and alignment of future
Communities of Practice.
A pilot project of financial sustainability indica-
tors with National Societies in the Asia Pacific and
Africa regions was completed in 2022, and the
Financial Sustainability Monitoring Dashboard
(briefing, guidance and template documents)
was made available to National Societies and
National Society development practitioners. A
new Financial Sustainability
Framework was
developed during the year.
Building on the
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