How improved data could boost humanitarian investment
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This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.
Author: Katherine Garrett-Cox, Chief Executive Officer, Gulf International Bank (UK) Ltd and Chair, Clean Air Fund & Helen Alderson Reat Noch, Director, Financial Resources and Logistics, International Committee of the Red Cross (ICRC)
The number of people in need of humanitarian aid has jumped by 40% to 235 million in 2021, according to UN.
The private sector has crucial role to play in plugging the humanitarian aid funding gap of over $20 billion.
A recent report published by the World Economic Forum, in collaboration with GIB Asset Management, shows that unlocking this finance requires stakeholder collaboration to improve quality of data and metrics.