The Stability Fund is governed by the Fund Manager (Adam Smith International) and overseen by the Secretariat Office. The Secretariat Office is in turn overseen by the Joint Donor Committee and advised by the Advisory Board.
THE FUND MANAGER
The Fund Manager consists of a team incorporating project management, financial management, knowledge management, communications and field staff.
Its role is to:
Administer projects selected and approved by the Secretariat Office
Provide day-to-day oversight of all implementing partners, including monitoring and financial appraisal
Manage the Stability Fund’s communications
Develop the capacity of some investees and potential investees of the Stability Fund
Report to the Secretariat, including regular financial and narrative reportts.
THE SECRETARIAT OFFICE
The Secretariat Office comprises two secondees – from the Netherlands Government and the United Kingdom’s Department for International Development. Its role is to:
Develop Stability Fund policy and strategy
Make all programmatic decisions, including to ensure project alignment with Stability Fund policy
Oversee the Fund Manager
THE JOINT DONOR COMMITTEE
Representatives from each of the Stability Fund’s five donors sit on the Joint Donor Committee, which is facilitated by the Secretariat Office. The role of the Committee may evolve depending on the final composition and terms of reference of the Board.The Joint Donor Committee’s role is to:
Oversee the Secretariat Office
Act as a forum for agreeing donor-wide issues
Discuss and agree on any structural changes to the Stability Fund.