This document sets out an approach and framework for assessing Value for Money (VfM), for FSD Africa (FSDA). It has been developed as a resource for the FSD network. The VfM framework is intended to be practical, user-friendly and to minimise the reporting burden for MRM staff. At the same time, there is a minimum level of effort required in VfM assessment to ensure credibility.

The framework also aims to support a consistent approach to VfM assessment and reporting, while retaining sufficient flexibility to accommodate differences in context and guard against making invalid comparisons.