Lee Kuan Yew
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The One Thing All Successful NGOs Have in Common: A Robust Financial Framework
“The ‘financial framework’ is the term for the policies, procedures, regulations and standing orders we use to make sure we’re taking proper care of public money.” – Powys County Council Similar to a business, it is imperative to establish a robust financial framework for an NGO. A financial framework provides an organised system that guides…
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Tricks on How NGOs Can Survive Without Funding
Anne Frank once wrote, “No one has ever become poor by giving”. But to give, you need to have. Every organisation needs funding to operate. Like any organisation, NGOs need money to cover their costs- capital costs, operation costs, overhead costs, staff costs, etc. NGOs, in particular, depend primarily on grants and donations for survival.…
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World Tourism Day 2021: How COVID-19 has Impacted the Economy
In 2019, international tourist arrivals reached 1.5 billion, a 4% increase over 2018, consolidating a ten-year record where tourism grew faster than the world economy as a whole. Domestic tourism added a further 8.8 billion arrivals. The sector generated $1.5 trillion in exports and employed one in ten people directly or indirectly. Tourism came to…