To a great extent, it is about predictability. It's also about consistency. I think about my students who want to work in international aid, yet you can only get a one- or two-year contract because your job is dependent on the funding cycle. It also means that a huge amount of effort is put into writing grant proposals and spending time seeking new aid, with different organizations or different states competing against one another.
We favour enabling a longer funding cycle because we realize that the challenges of dealing with migration aren't going to be solved in six months. They're not things that are going to be solved in a year. We need to be able to look ahead in order to create some degree of consistency.