|Region||Low and Middle Income Countries|
Economic Growth and Trade
Award holders will be required to submit externally audited project specific financial statements showing how the funds provided for G2LM|LIC have been spent. At least one final audited statement will be required, but usually award holders will need to submit one mid-project financial statement and one final financial statement. Financial statements must cover the project period from the project start to the time of preparation of the financial statement and be made out in Euros. In exceptional circumstances and upon request IZA may waive the requirement of an external auditor and allow the use of internal auditing services.
Applicants are required to use the budget template provided.
During the course of their research, all award holders will be required every 6 months to submit activity statements and progress reports to IZA. The acceptance of reports by IZA may be a condition for continued payment of the grant. The activity statements and progress reports should cover all aspects related to policy impact and capacity building activities.
Award holders will be required to submit an End of Award final report. The final report should provide a clear picture of the project, the research conducted and the outcomes of the project.
Award holders will be required to submit an impact report to IZA within one year after the project end date. The impact report should cover scientific, economic and societal impacts. Acceptance of the final and impact report will be a condition for complete payment of the grant.