Publication

Global funds are an increasingly significant part of the global aid architecture, with funding until recently concentrated in health and education. These funds have important advantages – including a focus on results and a specificity that resonates with publics and politicians. Yet, they have been criticised at the country and global levels for tensions between their specific mandates, or verticality, and the widely agreed principles of aid effectiveness contained in the Paris Declaration (PD) and the Accra Agenda for Action (AAA) – country ownership, donor alignment behind country strategies and systems, donor harmonisation to increase alignment and reduce transaction costs, managing for results and mutual accountability between donors and partner countries