FTS provides a real-time overview of humanitarian funding, so that the entire community can make better strategic decisions about how funds are allocated and how to adjust and prioritize our humanitarian response. It is unique in that it provides a continuously updated resource of globally comparable data, which doesn’t just tell how much is being contributed but also how it's being used, especially against the requirements of Humanitarian Response Plans (HRPs). In helping to highlight gaps and priorities, it contributes to effective, efficient and principled humanitarian assistance.
This is an essential service, without which our collective ability to compare the responses to different crises, and highlight and advocate for areas of underfunding, would be severely compromised.
As a core coordination tool, FTS is also central to the community’s commitments on transparency. It allows us to track more comprehensively all humanitarian funding flows, and provides accountability to all our stakeholders, from donor taxpayers to ultimate beneficiaries. FTS is a fundamental part of a wider effort to integrate financial data with information from around the entire humanitarian programme cycle, including needs assessment, response planning and monitoring.
This underpins the efforts to provide greater accountability across everything the humanitarian system does, so that decisions won’t just be based on the amount of money received, but on how this relates to progress against our stated objectives, and ultimately to the impact on the needs of beneficiaries.