Grand Bargain Project 2017-2018

The Grand Bargain is one of the concrete initiatives announced at the WHS to improve humanitarian action, as it provides avenues for how aid financing must be more efficient. The top 30 donors and aid agencies endorsed this so-called “Grand Bargain” to make aid more efficient, including long-term, flexible and less earmarked funding from the donors, reduced overhead costs and reporting requirements, a greater use of digital funding (cash transfers) and more means flowing to local and national responders. It also commits to more coherent and “impartial” needs assessments and less competition between aid agencies. In a nutshell, the Grand Bargain tries to address some of the structural reforms that are needed in the humanitarian system through the lenses of financing.