Report: Innovative financing for responses to refugee crises
As has been reported this week, the number of people across the world who have been forced to flee their homes continues to rise. At the close of 2018, UNHCR reports that 70.8 million children, women and men were forcibly displaced — twice as many people as 20 years ago.
As humanitarian crises grow in scale, duration and impact, so too has the need to find innovative approaches to financing that are more efficient, more effective, more equitable, and more sustainable.
The UN Global Compact on Refugees, which was adopted on 17th December 2018, establishes the architecture for an internationally-agreed, stronger, more predictable, and more equitable response to new and existing large refugee crises. It recognizes that “the mobilization of timely, predictable, adequate and sustainable public and private funding…is key to the successful implementation of the global compact.”
With this in mind, the UK Department for International Development’s Centre for Disaster Protection and the International Rescue Committee’s Airbel Center launched a landscaping and assessment of innovative finance in humanitarian response. Culminating with two Innovation Labs convened in London and New York in late 2018, this process yielded a range of insights, recommendations and innovative solutions to address this need.
We are pleased to share with you today the final report from these sessions. Together the Centre, DFID and the IRC are excited to drive forward innovative finance in humanitarian response and are looking to work with the ecosystem of actors to make real the financial solutions proposed in this report.
As we approach the Global Refugee Forum later this year, the vision laid out in this report will be both an important tool and a call to action for partners and others working in the humanitarian, development, finance and policy fields to work together on this crucial issue.