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Design and administration: Pooled funds support a clearly defined programmatic purpose and results framework, and rely on contributions from more than one contributor. Financing gets blended, instead of earmarked, prior to being allocated to a specific UN organization or held by a UN fund administrator.
Joint governance and/or fund operations: A UN-led governance mechanism decides on project/programmatic allocations, taking into account a fund's programmatic purpose and results framework.
Fund implementation: Implementation of fund activities is (fully or largely) entrusted to UN organizations that assume programmatic and financial accountability for resources received.