Initiatives

More than 130 million people are in urgent need of life-saving assistance and protection. Before significant investment in reducing vulnerability and risk reaps dividends, the donor base will need to diversify to cover growing humanitarian needs. Private sector contributions, including increased investments in markets or job creation, resources from non-OECD Development Assistance Committee countries, triangular and South-South cooperation, private donations from individuals and foundations, crowdfunding, solidarity levies, social and faith-based financing, such as Islamic social finance, and diaspora remittances are some important additional sources of financing that should be better leveraged to reduce vulnerability. At the same time efforts must be made to improve the cost-efficiency and transparency of humanitarian financing and response.