in: UN Multipartner Trust Fund Office, Dag Hammarskjöld Foundation (ed.), Financing the UN Development System: time for hard choices, Upsala: Dag Hammarskjöld Foundation, 119-123
This piece explores the implications of the UNDS reform process on the growth of system-wide funding mechanisms. It argues that the Secretary-General’s UNDS reform proposals and the Funding Compact have put system level funding back on the table as a fundamental component of a reform agenda. The paper identifies five approaches to system-wide funding that merit close attention: pooled funding, funding the revised United Nations Development Assistance Framework (UNDAF), fees for managing globalisation, financing fulcrums and levers and resources for institutional strengthening within the UNDS. It then details the different instruments that comprise the Secretary-General’s Funding Compact. It identifies the establishment of the Joint Fund for the 2030 Agenda and the levy as instruments that over the long time may have significant impact for creating incentives promoting reform and for the overall sustainability of the financial architecture of the system.