#ICYMI Weekly Roundup: Financing of Aid in Conflict September 8, 2017

#ICYMI Weekly Roundup: Financing of Aid in Conflict September 8, 2017

The ICRC has created the world's first "Humanitarian Impact Bond" to help transform the way vital services for people with disabilities are financed in conflict-hit countries. The capital raised – 26 million CHF or approximately $27.5 million USD– will be used to build and run three new physical rehabilitation centres in Africa (Nigeria, Mali and Democratic Republic of Congo) over a five year period, providing services for thousands of people. The payment-by-results program also includes the necessary training for the new staff as well as the testing and implementation of new efficiency initiatives. The innovative funding mechanism has been created to encourage social investment from the private sector. A rising number of conflicts as well as a growing annual budget of the ICRC are the driving forces behind the bond. See more from ICRC on humanitarian impact bond here.  In this week’s roundup, we take a look at this innovative model of funding, as portrayed by the media and other online outlets.**

Read More