The Harmonized Approach to Cash Transfers (HACT) policy was revised to reflect a $300,000 threshold per programme cycle for HACT micro-assessments and mandatory spot checks which, depending on the assessment risk rating, determines the appropriate cash transfer modality. Below this amount, offices may select the most appropriate cash transfer modality, taking into consideration any known risk factors. For Partners below the threshold, HACT micro assessment and spot checks may be performed at the discretion of the office based on other risk considerations e.g. the office has no previous experi ... The Harmonized Approach to Cash Transfers (HACT) policy was revised to reflect a $300,000 threshold per programme cycle for HACT micro-assessments and mandatory spot checks which, depending on the assessment risk rating, determines the appropriate cash transfer modality. Below this amount, offices may select the most appropriate cash transfer modality, taking into consideration any known risk factors. For Partners below the threshold, HACT micro assessment and spot checks may be performed at the discretion of the office based on other risk considerations e.g. the office has no previous experience with the Partner or the operating environment is considered high risk. However, programmatic monitoring requirements as specified in the PPM still apply in such instances. With the new policy change, desk reviews no longer need to be performed. EXPAND
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The revised HACT prescriptive content operationalizes the inter agency agreed HACT framework (2014) in UNDP. It clarifies relevant processes/procedures in UNDP as well as provides additional clarifications of UNDP-specific requirements for the purpose of implementing the UNDG-approved revised HACT framework in UNDP. This prescriptive content shall be read in conjunction with the revised HACT framework (including all appendices) issued by UNDG as well as the UNDP NIM/NEX Manual issued in July 2011. |