Risk Sharing in Pooled Funds: Insights for Donors, Fund Managers and NGOs on advancing risk sharing and localisation

This ICVA paper explores how humanitarian pooled funds manage and share risk across delivery chains and how these practices impact localisation and response effectiveness. Drawing on research from Sudan, Myanmar, Syria, and Ukraine, the report identifies barriers faced by local actors, highlights scalable good practices in risk-sharing, and offers actionable recommendations for donors, fund managers, intermediaries, and local partners. It calls for more equitable, codified risk-sharing approaches to ensure quality funding reaches local actors and strengthen partnerships across the humanitarian system.