Published 2017
From Funding to Financing – beginning the journey
By Richard Bailey

Richard Bailey is a Policy Specialist at the UN Development Operations Coordination Office (UN DOCO). UN DOCO is the secretariat of the UN Development Group, providing technical and advisory support to its members. It brings together the UN development system to promote change and innovation to deliver together on sustainable development.

These are the personal views of the author and do not necessarily reflect the views of the United Nations.

For decades the United Nations Development System (UNDS) has existed and even thrived by mobilising and spending grant resources through projects. This is the traditional ‘funding’ approach and it has served the UNDS well; however, there are two significant shifts that suggest the UNDS needs to go beyond this funding model to a financing approach.