HOME > NEWS >U.N. looks to U.S. private equity investor to help fund famine fight in Yemen
U.N. looks to U.S. private equity investor to help fund famine fight in Yemen
Reuters | Mar 13, 2021 12:25 AM EST
World Food Programme (WFP) Executive Director David Beasley reacts as he speaks to the press during his stopover in Ouagadougou, Burkina Faso (Photo : REUTERS/Anne Mimault)
The United Nations World Food Programme is hoping to get a share of hundreds of millions of dollars from a private foundation set up to help Yemen by U.S. private equity investor Tim Collins, U.N. food chief David Beasley said on Friday.
UN looks to private equity investor to help feed Yemen
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U N looks to U S private equity investor to help fund famine fight in Yemen
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GENEVA
As the UN asks today for $3.85 billion for aid to Yemen at an international pledging conference, The New Humanitarian has learnt that a new fund with deep pockets has emerged on the scene, looking to give hundreds of millions of dollars towards hunger relief in the country.
While some UN aid agencies and at least two large NGOs are in talks with the new Famine Relief Fund, others are shying away due to concerns over where the money is coming from and unusual requirements for how quickly it should be spent.
The large – and troubled – Yemen aid operation is underfunded in a time of severe hardship for many civilians. Needs for food, jobs, healthcare, clean water, and safe shelter have soared as the economy craters and the war causes new displacement, disrupts trade and jobs, and damages civilian infrastructure.