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Annual Report 2022-23

Reporting on ACFID’s activities to ensure transparency and accountability


ACFID is the peak body for Australian NGOs involved in international development and humanitarian action.


ACFID works and engages with a range of strategic partners in addition to our members.


ACFID is governed by its Board, ACFID Council, and various expert and governance committees.


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Conference 2023

disruptive dynamics, inspired ideas

18-19 October 2023

Meet our Members

The ACFID membership is comprised of Australian NGOs that actively work in the international aid and development sector.

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Joining ACFID means joining an experienced and powerful mix of like-minded organisations committed to good international development practice.

Membership types & fees

ACFID has two types of organisational membership: Full Membership and Affiliate Membership.

State of the Sector

The State of the Sector Report provides a comprehensive and robust analysis of the state of the Australian aid and development sector.

NGO Aid Map

ACFID’s NGO Aid Map allows the Australian public and stakeholders to explore the work of ACFID Members around the world.

Development Practice Committee

The DPC is an expert advisory group of development practitioners leading good practice within the sector.

Our Focus

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Federal Budget 23-24 Analysis

Facts and figures on how aid is presented in this year’s annual budget

Strategic Plan

ACFID prioritises a robust response to climate change and pressure on civil society in developing countries, as well as other key priorities.

Emergency Aid

ACFID Members provide vital life-saving assistance in the immediate aftermath of an emergency.

Climate Change

Action on climate change is one of ACFID’s highest priorities, as it is an existential threat to humanity and our development.

Civil Society

Civil societies are a cornerstone of regional stability and ensure that the voices of the marginalised are heard.

Supporting NGOS

Supporting NGOs as Valuable Partners.

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Walking the talk on inclusive development.

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Taking humanitarian action for those in greatest need.

Elevating Development

Elevating Development to the Heart of Australia’s International Engagement.


Improving standards, practice and culture to prevent and respond to sexual exploitation, abuse and harassment.

Code of Conduct

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2022-23 ACFID Code of Conduct Review

The ACFID Code of Conduct is periodically reviewed to ensure it continues to reflect good practice and the needs of ACFID and its members.

Code of Conduct

The Code is a voluntary, self-regulatory industry code of good practice.

About the Code

Find out more about the Code of Conduct and how it operates.

Good Practice Toolkit

Overview and practical resources, and examples to support the implementation of the Code.

Spotlight on the Code

Provides a thematic ‘deep dive’ into each of the nine Quality Principles in the Code


This section outlines the responsibility to be taken by each Member to ensure compliance with the Code.

Complaints Handling

How to make a complaint and information on the Code’s independent mechanism to address concerns relating to an ACFID Members’ conduct.

Other Standards

Mapping the Code with other professional standards and principles in the humanitarian and aid sector in Australia and internationally

Home 5 News 5 ACFID News 5 New Approach to Delivering Funds In-Country

New Approach to Delivering Funds In-Country

Feb 25, 2021 | ACFID News

It is increasingly accepted as ‘industry standard’ in the aid and development sector to deliver local currency to field accounts and partner organisations in the developing world, as opposed to simply sending hard currency transfers via the correspondent banking system.

StoneX’s Michael Stachowiak, Head of Business Development (Global Payments), Australia and New Zealand, tells ACFID: “This new approach has been extensively proven to reduce costs, enhance accountability and improve control over funds.

NGOs with international commitments require the ability to procure foreign currencies. This is an inherent by-product of their mandate to deliver aid in other countries. Transacting in foreign exchange markets can often be quite daunting, particularly when the funds are destined for nations in which currency transfer is the most challenging, such as South Sudan, Myanmar, and Vanuatu. Knowing which provider to use can be complicated as there are increasing numbers of players in the market, all promising to save NGOs money.”

To simplify the provider selection process, Michael shared with ACFID a few tips for NGOs to consider while working to meet their foreign exchange goals:

  1. When considering adding a provider, ask them about their correspondent bank network and which banks they use to deliver specific currencies
  2. Does the proposed provider have in-depth knowledge of the market to which the funds are being sent?
  3. Ensure that an all-inclusive rate is secured upfront and that the delivery amount is guaranteed
  4. Always try to obtain a comparison rate
  5. Understand the process
  6. Check on the financial viability of a provider
  7. Ideally, you should avoid paying in advance – why should you have to take a credit risk on your provider if they aren’t willing to take one on you?

“Lastly and most importantly, always remember that your funds are your assets—maintain as much control over them as possible. You should make providers compete for your business and demand transparency, efficiency, and security.”

Michael went on to share the latest update with ACFID on the banking situation in Myanmar:

“Due to ongoing protests over the past few weeks against the military coup, banks remain closed along with all forms of interbank settlement. With no assurances of when the situation will stabilise, delivery of MMK continues to be unavailable. StoneX is closely monitoring the situation and providing updates soon as they become available.”

Michael Stachowiak from StoneX will be speaking at the upcoming Finance Managers Community of Practice event, where he will be delving into greater detail regarding points to consider when choosing an FX Payments provider.

ACFID formed a Corporate Partnership with StoneX (previously known as INTL FCStone), one of the world’s leading Global Payment Exchange providers, in 2020, after their years of longstanding support and sponsorship of the ACFID National Conference.

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