The global development funding landscape is shifting fast, and organizations are under pressure to rethink how they sustain their work. The dismantling of the U.S. Agency for International Development, the world’s largest bilateral donor, has sent shockwaves through the sector. Even as traditional funding sources shrink, development organizations are exploring alternative avenues to sustain their operations.
A new Devex report explores four proven strategies for funding diversification: securing government support beyond USAID, tapping into multilateral development banks, leveraging philanthropic capital, and engaging with innovative finance.
Here’s a breakdown of what development organizations need to know.