Arbeitspapier

Multiactor global funds: New tools to address urgent global problems

Multiactor global funds (MGFs) are emerging as important new mechanisms for the financing of development and other global priorities. MGFs like the Global Fund for AIDS, Tuberculosis and Malaria are distinctive because they are administered and financed by multiactor coalitions of governments, international organizations, the private sector and civil society, they operate independently of any one institution and are tied to particular issue or policy areas. This paper considers the desirability of MGFs as instruments for international financial mobilization, resource allocation and as a form of experimentation in global governance. It is argued that MGFs hold considerable promise as focal points for generating additional public and private resources to address urgent global problems and to finance global public goods. They may be more operationally nimble than traditional mechanisms and capture some of the benefits of collaboration among different actors. However, MGFs may also result in a less coherent response to global problems, duplicate existing structures and be weakly democratically accountable.

ISBN
9291906360
Language
Englisch

Bibliographic citation
Series: WIDER Research Paper ; No. 2004/47

Classification
Wirtschaft
Policy Objectives; Policy Designs and Consistency; Policy Coordination
International Linkages to Development; Role of International Organizations
Altruism; Philanthropy; Intergenerational Transfers
Subject
international organizations
private sector
funding
governance
Entwicklungshilfe
Entwicklungsfinanzierung
Public-Private Partnership

Event
Geistige Schöpfung
(who)
Heimans, Jeremy
Event
Veröffentlichung
(who)
The United Nations University World Institute for Development Economics Research (UNU-WIDER)
(where)
Helsinki
(when)
2004

Handle
Last update
10.03.2025, 11:41 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Heimans, Jeremy
  • The United Nations University World Institute for Development Economics Research (UNU-WIDER)

Time of origin

  • 2004

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