Over the same period, the growth in funding for humanitarian assistance has outpaced growth in funding for development assistance. Between 20, the volume of official development assistance (ODA) loans grew by 68 percent as the grant portion of ODA fell from 72 percent to 61 percent. Even prior to the COVID-19 crisis, development assistance has been under pressures – due to bilateralization of aid, sectoral reallocations, and growing use of loans over grants. The highly earmarked and unpredictable funding that dominates the system reflects and to some degree reinforces the fragmented and siloed state of global cooperation. It depends on voluntary contributions for more than three quarters of its total revenue, and approximately half its revenue is provided by just 10 of 193 Member States. The current funding architecture of the UNDS remains less than desirable. However, there are two competing narratives around it – one that sees funding contribution to the system as a mere ‘cost’, while the other considers it as an essential ‘investment’ in a common line of defence to respond to complex development challenges. The UN Development System (UNDS) represents one of the key global mechanisms that countries and partners rely on to respond to crises and advance common aspirations such as achieving the Sustainable Development Goals (SDGs).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |