Fon Mathuros, Head of Media, World Economic Forum, Tel.: +41 79 201 0211; Email: email@example.com
· The World Economic Forum, the World Bank and the International Committee of the Red Cross are launching a High-Level Group on Humanitarian Investing to unlock new capital in fragile contexts.
· This initiative brings together representatives from the investor, corporate, humanitarian and development communities to collectively deliver on new solutions that will help the most vulnerable people.
This article is part of the World Economic Forum Annual Meeting
Each year, humanitarian aid organizations save and protect tens of millions of people caught up in crises across the world.
Senior Vice-President, Corporate Affairs, Cisco
More than 700,000 people died as a result of disasters between the years 2005 and 2014. In 2017, the American Red Cross delivered more relief support than it had in the previous four years combined, responding to 242 significant disasters in the US alone.
E-payments can make the delivery of cash disbursements more secure, cost- effective, faster and more convenient. In the context of humanitarian crises, digital payments offer recipients choice and can help stimulate the local economy. To fully realize the benefits of new technologies and achieve scale, guidelines on the relationship between humanitarian and private sector actors to deliver digital payments must be developed.