Background
Multi-stakeholder partnerships, engaging the resources and levers of all societal sectors, are essential to advance the 2030 Agenda for Sustainable Development. Partnerships can address the root causes of complex issues, create innovative, sustainable, and equitable solutions, and deliver transformation at scale through innovative finance models and catalyzing private investment.
However, effective funding of partnerships can be hindered by a lack of familiarity of the unique needs of partnerships (including the need for equitable, local participation), short-term funding cycles, rigid accountability frameworks, and underutilization of innovative financing mechanisms.
This session will spotlight the pivotal role of strategic investments in partnerships as a cornerstone for advancing the Sustainable Development Goals (SDGs). It will explore how funders are optimizing their funding modalities to more effectively support partnership development and what else needs to be done to support a more enabling environment for multi-stakeholder collaboration.
Objectives:
- Highlight Innovative Financing Models: Explore examples of tools such as blended finance, social impact investments, SDG bonds, and crowdfunding platforms that are catalyzing private and public sector engagement in SDG implementation.
- Identify Barriers and Solutions for Effective Partnership Funding: Address systemic challenges, such as short-term funding, hierarchical structures, and rigid accountability, that hinder partnership development.
- Promote Inclusive Practices: Emphasize the importance of funding modalities that support local ownership, equitable participation, and context-appropriate solutions.
- Demonstrate the investment required to enable effective partnering: Discuss how to build the institutional capabilities and policies to support all-of-society collaboration.
