Funding Compact for the UN's Support to the Sustainable Development Goals
The Funding Compact sets out an ambitious plan of shared action by Member States and the United Nations Sustainable Development Group to ensure predictable and flexible funding for United Nations development activities.
Achieving the Sustainable Development Goals by 2030 calls for transformative, collaborative action, and the United Nations must be at the heart of that effort by delivering cohesive and high-quality support, at scale, to Member States.
But strong multilateralism requires strong funding. Significant changes in funding are needed, as funding patterns have been characterized by a decline in core resources relative to overall funding, unpredictability, and a rising share of tightly earmarked funds for specific activities.
Financial resources that allow the UN to respond effectively to emerging needs, adapt to changing circumstances, and implement development programs efficiently ensures the ability to address unforeseen challenges, and ensure support where it is most needed.
At the same time, the United Nations development system needs to ensure trust and confidence in its development activities, by further strengthen transparency, accountability, efficiencies, and reporting towards collective results.
With six Member States commitments and six UNSDG commitments, the Funding Compact aims to drive interdependent and mutually reinforcing shifts towards a UN development system that is more strategic and responsive, more collaborative and integrated, and more efficient and streamlined. Progress on each side helps drive progress on all.
The commitments of the Funding Compact are to be implemented by Member States and UN entities at a global, regional, and country level.
Both contributing partners and host governments are expected to play a role in implementation of Member State commitments, ensuring that the programmes of UN country teams are fully funded in as flexible and strategic a manner as possible. Resident coordinators and UN country teams work in dialogue with partners to translate the funding compact commitments to national context and agree mutual indicators and targets.
The UNSDG has an action plan to collectively implement its commitments at all levels.
Individual UNSDG entities also work in dialogue with their respective governing bodies to develop frameworks for implementation, aligned with their specific strategic plans, budgets, programmes and business models.
A Global Monitoring and Reporting Framework is used to measure collective implementation by Member States and by the UN development system at the global level. Annual reporting on collective implementation will be to the Operational Activities for Development Segment of the UN Economic and Social Council.
Global level monitoring and reporting will be complemented by tailored monitoring at entity-specific and country-specific levels, through relevant dialogue processes with governing bodies, host governments and development partners.
Read through the Framework for the Global-level Monitoring and Reporting on the Funding Compact for the UN's support for the SDGs.