With the COVID-19 pandemic having reversed development gains across the world, Member States and United Nations entities have a mutual responsibility to demonstrate proactive and transformational leadership in ensuring an adequate multilateral response, while also looking ahead to strengthen global and regional risk reduction.
“Such leadership is about investing in more integrated approaches and in global public goods that go beyond what individual states or agencies can achieve,” states the seventh edition of the report Financing the United Nations Development System.
The Funding Compact, welcomed by both Member States and the UN in 2019, offers a potential framework for changing funding patterns. If utilized to its full potential and empowered by leadership, it can deliver the quality of funding – predictable, flexible and accountable – that enables UN country teams to scale up integrated programming and policy support across mandates, thereby accelerating progress towards the Sustainable Development Goals, according to the report.
Pooled funds, in particular, can catalyze integrated programming by establishing transformative criteria for joint planning and effective funds allocation based on priority needs and comparative advantages. To improve the quality of funding channeled through the UN development system, Member States and UN entities are encouraged to deepen strategic funding dialogues at global and country levels.
“In preparing for such dialogues at this critical juncture for multilateralism, we hope that the seventh edition of the Financing the United Nations Development System report can help enlighten decision-making for a stronger UN,” the authors state. The report, subtitled ‘Time to Meet the Moment’, not only offers a comprehensive and accessible overview of the current state of UN funding, but provides a marketplace of ideas from thought leaders across Member States, UN entities and research institutions.
For all stakeholders, it is time to ‘meet the moment’ through smart investments and financing for sustainable development, prevention and emergency preparedness, while at the same time managing the COVID-19 pandemic. On top of this, the larger challenge calls for investments addressing climate resilience; the deep inequalities and injustices laid bare by the pandemic; and – through investing in prevention, peacebuilding and sustaining peace – the root causes of conflict.
The seventh edition of the report arrives at a moment when the UN system is facing unprecedented challenges. Climate change, the effects of the COVID-19 pandemic, increasing inequality, and armed conflicts are placing inimitable demands on the multilateral system. For the international community, then, it is “Time to Meet the Moment” through quality financing of multilateral approaches to development. Only then can a shared aim of promoting prevention, mitigation, resilience building and emergency preparedness be met.
Mobilizing the quality, unearmarked multilateral finance needed to address these challenges calls for clarity and transparency. Towards this end, the financial data explored in Part One of this report aims to demystify the complex funding dynamics of the UN development system and how they feed into financing flows for the 2030 Agenda for Sustainable Development.
Building on this, in Parts Two and Three the report presents a comprehensive selection of contributions from experts – including UN professionals (present and former), and representatives of think tanks and Member States – reflecting on the emerging trends, risks and opportunities apparent in multilateral financing. In doing so, the report provides a point of departure for forward-looking conversations both on how the UN system ought to be funded and how it could leverage this finance towards meeting global needs and goods, all the while building forward better from the COVID-19 pandemic.
The annual report is the result of a longstanding partnership between the Dag Hammarskjöld Foundation and the United Nations Multi-Partner Trust Fund Office.
“Such leadership is about investing in more integrated approaches and in global public goods that go beyond what individual states or agencies can achieve,” states the seventh edition of the report Financing the United Nations Development System.
The Funding Compact, welcomed by both Member States and the UN in 2019, offers a potential framework for changing funding patterns. If utilized to its full potential and empowered by leadership, it can deliver the quality of funding – predictable, flexible and accountable – that enables UN country teams to scale up integrated programming and policy support across mandates, thereby accelerating progress towards the Sustainable Development Goals, according to the report.
Pooled funds, in particular, can catalyze integrated programming by establishing transformative criteria for joint planning and effective funds allocation based on priority needs and comparative advantages. To improve the quality of funding channeled through the UN development system, Member States and UN entities are encouraged to deepen strategic funding dialogues at global and country levels.
“In preparing for such dialogues at this critical juncture for multilateralism, we hope that the seventh edition of the Financing the United Nations Development System report can help enlighten decision-making for a stronger UN,” the authors state. The report, subtitled ‘Time to Meet the Moment’, not only offers a comprehensive and accessible overview of the current state of UN funding, but provides a marketplace of ideas from thought leaders across Member States, UN entities and research institutions.
For all stakeholders, it is time to ‘meet the moment’ through smart investments and financing for sustainable development, prevention and emergency preparedness, while at the same time managing the COVID-19 pandemic. On top of this, the larger challenge calls for investments addressing climate resilience; the deep inequalities and injustices laid bare by the pandemic; and – through investing in prevention, peacebuilding and sustaining peace – the root causes of conflict.
The seventh edition of the report arrives at a moment when the UN system is facing unprecedented challenges. Climate change, the effects of the COVID-19 pandemic, increasing inequality, and armed conflicts are placing inimitable demands on the multilateral system. For the international community, then, it is “Time to Meet the Moment” through quality financing of multilateral approaches to development. Only then can a shared aim of promoting prevention, mitigation, resilience building and emergency preparedness be met.
Mobilizing the quality, unearmarked multilateral finance needed to address these challenges calls for clarity and transparency. Towards this end, the financial data explored in Part One of this report aims to demystify the complex funding dynamics of the UN development system and how they feed into financing flows for the 2030 Agenda for Sustainable Development.
Building on this, in Parts Two and Three the report presents a comprehensive selection of contributions from experts – including UN professionals (present and former), and representatives of think tanks and Member States – reflecting on the emerging trends, risks and opportunities apparent in multilateral financing. In doing so, the report provides a point of departure for forward-looking conversations both on how the UN system ought to be funded and how it could leverage this finance towards meeting global needs and goods, all the while building forward better from the COVID-19 pandemic.
The annual report is the result of a longstanding partnership between the Dag Hammarskjöld Foundation and the United Nations Multi-Partner Trust Fund Office.
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