Overall objective: To promote the modernization of financial management practices and income diversification strategies in Latin American HE institutions, with a view to sustainably strengthen the Higher Education systems and maximize the social return on investment in Higher Education.
Specific objectives: *) To enhance human, organisational and technical capacities of Latin American HEIs to increase efficiency in financial management (FM) and income diversification, promoting accountability and transparency through systematisation and promotion of good practice. *) To promote regional integration through creating a network of financial managers pursuing modernisation of financial management systems and practices.
Estimated Results:
(1) Increased awareness on regional level in LA HEIs & policy makers on common challenges and existing initiatives in modernising FM and income diversification strategies in HE, through systematisation of experiences and supra-regional promotion of good practice; (2) Enhanced human, organisational & technical capacities at institutional levels to improve efficient FM and create a pool of qualified human resources capable to effectively implement reforms, using modern tools and methodologies; (3) Sustainably strengthened institutional modernisation capacities, through development of strategic action plans and joint strategies for efficient FM and income diversification; (4) Region-wide impact and replication of project outputs through creation and implementation of a supra-regional network; (5) Active involvement of relevant actors & non-partner HEIs and region-wide up-take through consistent dissemination strategy
