This document provides an overview of the current financial situation, including anticipated pledges by the 8th Steering Committee meeting, outlines the anticipated country demand for SOFF within the targets set in the Updated Work Programme 2022 - 2025, alerts on the financial resources gap to deliver the SOFF work programme and respond to country demand, provides and analysis of the evolving cost trends of submitted Investment Funding requests, and proposes an approach how to handle the current challenging situation. It complements the Updated Resource Mobilization and Outreach Strategy and action programme until June 2025 (Decision 8.2), and the Short-term approach to Investment Phase funding in the context of resource constraints (Decision 8.4).
