The DAC list of channels of delivery permits the identification of the first implementing partner of the activity. It is the entity that has implementing responsibility over the funds and is normally linked to the extending agency by a contract or other binding agreement, and is directly accountable to it.8 The channel of delivery includes public sector institutions, non-governmental organisations, private-public partnerships, multilateral organisations, universities and other research institutions, and private sector institutions. Government agencies and private sector institutions are included as categories, rather than as specific entities and organisations, e.g. distinguishing between central government entities and local government entities or between banks and pension funds.