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The Grand Bargain is an agreement between some of the largest donors and aid providers, which aims to get more means into the hands of people in need.
The Grand Bargain was first proposed by the former UN Secretary General’s High-Level Panel on Humanitarian Financing in its report “Too Important to Fail: addressing the humanitarian financing gap” as one of the solutions to address the humanitarian financing gap.
The Grand Bargain includes a series of changes in the working practices of donors and aid organisations that would deliver an extra billion dollars over five years for people in need of humanitarian aid. These changes include gearing up cash programming, greater funding for national and local responders and cutting bureaucracy through harmonised reporting requirements.
The Grand Bargain commits donors and aid organizations to providing 25 per cent of global humanitarian funding to local and national responders by 2020, along with more un-earmarked money, and increased multi-year funding to ensure greater predictability and continuity in humanitarian response, among other commitments. Further information can be found in the official website of the Grand Bargain, https://interagencystandingcommittee.org/grand-bargain-hosted-iasc/.