Business Standard

UN fights hunger with $180 mn of flexible funds

IANS 

Rome, April 4 (IANS/AKI) At a time of unprecedented humanitarian crisis, a group of government partners have allocated $180 million of flexible funding to help the respond to severe and ongoing emergencies around the globe, said on Wednesday.

"Flexible funds give us the freedom we need to respond more quickly, save on costs, plan for the longer term and prevent disruptions to our life-saving work," said

"To make the most of precious donor resources, we call on more of our government partners to provide funding that is unearmarked, predictable, and usable over multiple years," he added.

recently allocated the flexible funding to around 60 country operations while providing a vital and urgent boost to lifesaving efforts in Syria, Yemen, the and the Democratic Republic of Congo, the agency stated.

Besides giving to refugees and to displaced people, the flexible funds will also boost support to development projects, said

Thanks to donor governments and other partners, said it is averting starvation in an unparalleled six large-scale emergencies, including famine in and the influx of Rohingya Muslims fleeing to from - the world's fastest-growing refugee crisis.

Flexible funding enables to act swiftly, effectively and efficiently, yet governments that provide this kind of funding are still a small minority as many specify how and where the money can be spent, the agency said.

Flexible contributions to last year amounted to just seven percent of the total resources provided to WFP, well below the record of 20 percent of flexible funding in 2002, the agency stated.

In 2017, Sweden, Britain, the Netherlands, and led the way in providing multilateral funding to WFP, and was also among the top 10 donors, giving $12,390,445.

At the World Humanitarian Summit in 2016, leading donors committed to progressively reduce earmarking of funds and to achieving a global target of 30 percent of flexible funding by 2020.

--IANS/AKI

vd

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 04 2018. 23:26 IST
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