Traditional and siloed humanitarian and development responses are no longer sufficient to keep up with the scale, duration and complexity of crises.
The World Economic Forum’s Humanitarian Investing Initiative, co-chaired with the International Committee of the Red Cross (ICRC) and the World Bank Group, brings together corporates and investors with humanitarian and development actors to work together on new approaches that tackle long‑term challenges of fragility, protracted crises and forced displacement.
The initiative was launched at the World Economic Forum Annual-Meeting in Davos-Klosters in January 2019.
The initiative aims to empower the Humanitarian Investing community through the following:
1. Promote a new narrative that bridges the existing siloes along the humanitarian-development continuum and is inclusive of investors and corporates;
2. Map the humanitarian investment landscape with existing financial products and mechanisms;
3. Create a humanitarian investment theme and unlock new capital that supports the most vulnerable communities.
The initiative currently operates at two levels:
· High-Level Group on Humanitarian Investing, comprised of senior decision- and change-makers, that promote multi-stakeholder collaboration and define priority areas to create a humanitarian investing market;
· Community of Practice, which includes the world’s leading practitioners that collaborate on accelerating the initiative’s objectives.