Global humanitarian aid has fallen sharply, as major donors such as the US and the EU slash their #aid budgets and private funders tighten the purse-strings.
This means that, for dozens of crises around the world, up to a third of funding has abruptly vanished - while the number of people in need has risen by 70 million since 2021.
In this dire situation, the humanitarian community is being forced to find new ways to support those in need. Here, sector leaders Tjada McKenna of Mercy Corps, Amy Pope of International Organization for Migration (IOM), Tom Fletcher of Humanitarian Affairs and Emergency Relief Coordinator, United Nations and Jagan Chapagain of the IFRC discuss the importance of localizing aid by listening to, working with and handing over power to local communities.
As conflict and climate shocks intensify, rising risks demand new approaches. The World Economic Forum’s Humanitarian and Resilience Investing initiative gathers over 100 partners to unlock social-impact capital and build measurable resilience for communities at risk.
