Global Clearinghouse for Development Finance Inc.
Global Clearinghouse for Development Finance Inc.
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About this organization
Mission
THE GLOBAL CLEARINGHOUSE FOR DEVELOPMENT FINANCE ("GLOBALDF") CONDUCTS ACTIVITIES TO IMPROVE THE SOCIAL AND ECONOMIC STABILITY AND GROWTH OF DEVELOPING COUNTRIES THROUGH: (I) PROMOTING THE SHARING OF INFORMATION, KNOWLEDGE AND RESOURCES AMONG GOVERNMENTS, INTERNATIONAL ORGANIZATIONS, NON-PROFITS AND THE PRIVATE SECTOR FOR THE BENEFIT OF DEVELOPING COUNTRIES; AND (II) PROVIDING TRAINING AND ADVISORY SERVICES AND DEVELOPING AND DEPLOYING COMMUNICATION TECHNOLOGIES TO SUPPORT THESE OBJECTIVES.
About
TO REDUCE POVERTY AND ENABLE ACCESS TO FINANCE, GLOBALDF HAS PROVIDED FINANCIAL AVISORY FOR THE PREPARATION OF FINANCIALLY VIABLE INFRASTRUCTURE PROJECTS AND DEVELOPED A NEW METHODOLOGY FOR ESTIMATING JOB CREATION FOR THE NEW PARTNERSHIP FOR AFRICAN DEVELOPMENT (NEPAD), THE AFRICAN UNION'S IMPLEMENTING AGENCY FOR REGIONAL INFRASTRUCTURE PROJECTS. THE JOB CREATION METHODOLOGY WILL BE USED TO ADVANCE AFRICA'S REGIONAL INTEGRATION, TRADE, AND LARGE INFRASTRUCTURE PROJECTS ACCESS TO FINANCE. THE JOB CREATION METHODOLOGY DEFINES THE DEVELOPMENT IMPACT ESSENTIAL TO OBTAINING TECHNICAL AND FINANCIAL SUPPORT AS FUNDERS CAN SEE THE IMPORTANCE OF NEPAD'S PROJECTS AND ACTIVITIES ON AFRICA'S JOB CREATION. THE APPROACH USES BEST PRACTICES, DEVELOPING NATIONAL INPUT-OUTPUT TABLES FOR AFRICAN COUNTRIES AND THE EVENTUAL DEVELOPMENT OF AN ONLINE PLATFORM SUCH AS THAT OFFERED BY THE US NATIONAL RENEWABLE ENERGY LABORATORY. THE GERMAN GOVERNMENT HAS PROVIDED SOME FINANCIAL SUPPORT FOR THESE GLOBALDF ACTIVITIES. IN ADDITION, GLOBALDF CONTINUED TO SUPPORT THE WORLD BANK'S CITY AND WATER CREDITWORTHINESS PLATFORMS AIMED AT INCREASING THE CREDITWORTHINESS OF SUB-NATIONAL ENTITIES WORLDWIDE, SO THAT FINANCE CAN BE OBTAINED TO PROVIDE ESSENTIAL SERVICES TO CITIZENS. THE TWO ON-LINE PLATFORMS ARE ALIGNED WITH THE WORLD BANK PROGRAM TO HELP SUB-NATIONAL ENTITIES IN DEVELOPING COUNTRIES, ESPECIALLY IN AFRICA, TO REDUCE POVERTY AND ENABLE ACCESS TO FINANCE. THE NAMES OF THE TWO ON-LINE PLATFORMS BEING SUPPORTED ARE: THE CITYCREDIT CREDITWORTHINESS PLATFORM FOR ALL SUB-NATIONAL ENTITIES (WWW.CITYCRED.ORG) AND THE WATER CREDITWORTHINESS PLATFORM FOR WATER SUB- NATIONAL ENTITIES (WWW.WATERCRED.ORG).
Interesting data from their 2020 990 filing
The filing documents outline the non-profit's mission as “See schedule o”.
When outlining the tasks it performs, they were referred to as: “The global clearinghouse for development finance ("globaldf") conducts activities to improve the social and economic stability and growth of developing countries through: (i) promoting the sharing of information, knowledge and resources among governments, international organizations, non-profits and the private sector for the benefit of developing countries; and (ii) providing training and advisory services and developing and deploying communication technologies to support these objectives.”.
- The non-profit's reported state of operation is DE as per legal requirements.
- As of 2020, the non-profit has 1 employees reported on their 990 form.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are less than $100,000.
- Revenue is between $100,000 and $250,000.
- Revenue less expenses is -$3,604.
- The compensation policy for the CEO of the organization is established through a review and endorsement from an independent source.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 3 independent voting members.
- The organization was formed in 2010.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule O.
- The organization pays $100,453 in salary, compensation, and benefits to its employees.
- The organization pays $1,005 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.