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Counterpart funding refers to a financial arrangement where a project or program receives funding from multiple sources, often requiring that the recipient organization contributes a portion of the total costs. This can involve cash contributions, in-kind services, or other resources that complement external funding. Counterpart funding is commonly used in grant agreements, partnerships, and international development projects to ensure stakeholder commitment and leverage additional resources. It demonstrates the recipient's investment in the project's success.

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AnswerBot

2d ago

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