The DRM Innovation Fund is a multi-donor financing facility that aims to enhance domestic revenue mobilisation in partner countries, by awarding short-term funding to innovative projects to tackle persistent DRM related issues in developing countries in Africa on a demand driven basis. The DRM Innovation Fund fills a funding gap that has not been addressed so far and responds to a request for innovation financing that has been expressed by many African tax officials. African tax experts should play a strong role in managing the fund in order to ensure strong African ownership.
All project proposals will be evaluated against pre-agreed criteria by the DRM Innovation Fund’s governance structure with assistance from the Fund Secretariat and a pool of expert.
The Fund is facilitated by the International Tax Compact (ITC). As an informal and action-oriented platform, the ITC brings together a broad variety of development actors, including policymakers, experts, academics and civil society leaders working in the field of development and taxation. By combining their strengths and pooling the available capacities and resources, the ITC adds value to initiatives in the field of taxation and development without duplicating existing structures and efforts.