The Netherlands Ministry of Foreign Affairs has been one of the donors of Debt Management and Financial Analysis System Program (DMFAS) of UNCTAD, for more than a decade. The last commitment for financing the program ended in 2008. For making a sound decision on their role and on contributions in the future they requested to have an assessment of DMFAS.  The aim of this assessment is to provide insight into the development, management and implementation of the program since May 2005, indicate any problems that arose and how they were dealt with them, record results both interim and final, and to recommend improvements. The emphasis of the evaluation is on the policy relevance, effectiveness and efficiency of the program. The result contains recommendations for the MFA’s future contributions to DMFAS as well as findings and recommendations on the overall policies and operations of the program.