However, the AF operates under a high level of uncertainty. While more and more countries put forward project ideas—the last board meeting has seen an unprecedented amount of proposals—the AF will run out of money as early as 2016 with the resources available today.
Countries need to follow Sweden’s pledge of US$17.5 million and help the AF to meet its fundraising target of $100 million in 2015.
While cash is required in the short term, countries also need to define a long-term perspective. Strengthening the AF in Paris would be a big help for supporting vulnerable people and countries. It would also safeguard one of its unique features—its ability to multilaterally harness alternative sources of finance for developing countries—as an option for the future.