The Addis Agenda acknowledges that development finance can contribute to reducing vulnerabilities and enable countries to prevent or combat situations of crisis related to conflict or natural disasters.
The Addis Agenda specifically:
- Recognizes the need for coherence of developmental and humanitarian finance
- Commits to promoting innovative financing mechanisms to allow countries to better prevent and manage risks and develop mitigation plans
- Steps up efforts to assist countries in accessing financing for peacebuilding and development in the post-conflict context and recognizes role of Peacebuilding Fund
In 2019, humanitarian response plans and appeals coordinated by the United Nations required $29.7 billion, of which $18 billion (61 per cent) was received. Together with additional funding contributions outside these response plans and appeals, global humanitarian funding reported was $24.1 billion. The 2016 Grand Bargain made by 18 donor countries and 16 aid organizations to improve the efficiency and effectiveness of humanitarian finance has resulted in substantial progress. Improvements were made in cash programming, multi-year collaborative and flexible planning/funding, harmonized reporting, as well as enhanced coordination. However, there are remaining challenges to further consolidating efforts and reducing bureaucracy to meet the full potential of the Grand Bargain.