Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63318
Authors: 
Heimans, Jeremy
Year of Publication: 
2004
Series/Report no.: 
Research Paper, UNU-WIDER, United Nations University (UNU) 2004/47
Abstract: 
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.
Subjects: 
international organizations
private sector
funding
governance
JEL: 
E61
O19
D64
ISBN: 
9291906360
Document Type: 
Working Paper

Files in This Item:
File
Size
213.39 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.