The Council on Foundations (COF) and the European Foundation Center have published Principles of Accountability for International Philanthropy, the result of a two-year consultative process of grantmakers and stakeholders from four continents. The COF press release announcing the document says:
Voluntary and aspirational, the Principles and accompanying Practices aim to guide and support funders in making better decisions in pursuing their international missions and objectives, and to provide a framework that will encourage and assist more foundations to get involved internationally....