Humanitarian financing- Keeping up with a world in crisis

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Humanitarian financing- Keeping up with a world in crisis

Summary

Friends of Europe’s ‘Conversation with’ European Commission Vice President Kristalina Georgieva highlighted the findings of the report of the United Nations High-Level Panel on Humanitarian Financing.

“In this wealthy world of ours, no one should die or lose their dignity because of a lack of money,” she said, adding that “we Europeans need to get ahead of the curve of the current refugee crisis. Resolving this crisis at home is necessary to sustaining and increasing our generosity abroad. Not only is this the morally correct thing to do but it is increasingly in our own best interests as well.”

Some of these findings include an increasing need to share responsibility for humanitarian responses and financing across the globe, to shrink the gap between humanitarian and development actions, and to improve on the delivery and efficiency of humanitarian aid.

Having determined that there is currently a $15bn discrepancy in financing humanitarian actions, the High-Level Panel (HLP) has released a set of recommendations on how to make up the shortfall, ranging from voluntary micro-levies on high-volume activities such as entertainment or travel spending, to increasing the role of the private sector, to exploring the possibilities of Islamic social finance.

With global GDP at more than $78 trillion, the HLP recommends creating a global Generosity Index in order to compare every nation’s increase in wealth with their increase in responsibility for global stability and humanitarian aid.

“In the face of the global economic downturn, we must determine a way to acknowledge the good being done,” Vice President Georgieva said. “We have a chance here to tackle humanitarian action differently and we should grab it.”

View tweets from the event using #ConversationWith.

Conversation with European Commission Vice President Kristalina Georgieva

About

About

Join Friends of Europe for a conversation with European Commission Vice President Kristalina Georgieva on her tasks and priorities as co-chair of the United Nations High-Level Panel on Humanitarian Financing. We’ll be welcoming Ms Georgieva on January 26 and asking her about:

  • Hopes and expectations for the World Humanitarian Summit in Istanbul in May 2016;
  • Proposed solutions to address widening humanitarian funding gap for current and expected crises;
  • Ways to cut the humanitarian cost of the future and make the existing humanitarian system more effective.

Follow the discussion on Twitter using #ConversationWith.

IMAGE CREDIT: CC / FLICKR – European Commission DG ECHO

Schedule

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Speakers

Speakers

Kristalina Georgieva
Kristalina Georgieva

Managing Director of the International Monetary Fund (IMF)

Show more information on Kristalina Georgieva

Before her current appointment as second-ever woman to hold the post of head of the IMF, Kristalina Georgieva was the first CEO of the World Bank, during which time she also served as Interim President of the World Bank Group. Previously, she served as EU Commission Vice President for Budget and Human Resource, where she was involved in tackling the Euro Area debt crisis and the 2015 refugee crisis. She also worked as EU Commissioner for International Cooperation, Humanitarian Aid and Crisis Response, managing one of the world’s largest humanitarian aid budgets. Prior to her time at the EU, Georgieva worked for 17 years at the World Bank.

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