Quality of funding and financing
Driving the COVID-19 response and sustainable development through the Funding Compact
The UN development system and the Resident Coordinator system, supported by the Development Coordination Office, have strived to enhance the quality of funding for the UN development system, in the spirit of the Funding Compact.
The UN COVID-19 Response and Recovery Trust Fund
The UN COVID-19 Response and Recovery Trust Fund programmed nearly $75 million to 24 UN entities to deliver on joint programmes across 80 countries, procuring critical supplies, providing essential healthcare, extending digital learning, restoring water, sanitation and other basic service infrastructure, and helping formal and informal businesses, while mainstreaming a gender-sensitive approach and supporting millions of people most at risk of being left behind.
The Joint SDG Fund hosted by the Development Coordination Office raised $50 million in 2020 and capitalized $290 million in total
- 101 joint programmes funded focused on integrated social protection or SDG finance
- Over 800 partnerships were stimulated to support the SDGs
- Over 200 innovative solutions tested to accelerate the 2030 Agenda
The Joint SDG Fund has invested $31.5 million to address Small Islands Developing States vulnerabilities and in early 2021 approved a dedicated call for proposals to further help in addressing Small Island Developing States challenges, now exacerbated by the impact of COVID-19.
Resident Coordinators have been leveraging opportunities offered by the Peacebuilding Fund and the Spotlight initiative to deliver integrated responses on crucial country challenges
- 42 million people were reached through the Spotlight Initiative, with campaigns challenging harmful social norms and gender stereotypes, including 350,000 adolescents
- Over $170 million were invested by the Peacebuilding Fund in joint programmes in countries or situations at risk or affected by conflict
- UN Country Teams, under the leadership of Resident Coordinators, contributed to the peacebuilding components of the Cooperation Frameworks and UN Socio-Economic Response Plans in 36 countries and 11 cross-border settings
Deposits to SDG country-level pooled funds were consolidated, after a substantial growth in 2019
- More than 30 countries had active pooled funds, 21 of them established following the UN development system reform
- The net amount transferred to participating agencies increased from $200 million to $230 million