Illustrative IFRS financial statements 2008

Social funds are expanding in all parts of the developing world. The attractive feature of social funds is that they use the comparative strengths of each of the government, private sector, and community organization partners and coalesce them into an integrated whole. The communities identify, design, and help implement projects such as schools, health clinics, roads, and water supply that will serve their needs. The govern- ment provides financing, monitors and supervises the projects, and en- sures that the operation and maintenance of these facilities is adequate. The private sector offers technical expertise, materials, labor, and orga- nizational skills to implement these projects. Social funds allow the pri- vate sector...
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Illustrative IFRS financial statements 2008