Funding Systems Change in Asia: What Can Donors & Doers Learn from Each Other?
11th June 2020 10:00am Singapore Time
- This panel explored how philanthropists and implementing organisations can address root causes of complex, multi-faceted challenges such as poverty and inequality which are often intractable and embedded in networks of cause and effect.
- Panelists discussed the risk aversion amongst donors when it comes to driving systems change, in part due to the complexity and scale of the challenges as well as the difficulties in measuring and attributing impact. To overcome this, donors and doers must embrace risk in the same way a for profit venture would, be open to learning, partnership and being accountable to key stakeholders.
- As it relates to the current pandemic, panelists warned of the risk of over-allocating resources to COVID at the potential expense of addressing poverty and climate change. Investing now in systems change was seen as an imperative to protect against future, likely larger threats.