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The needs of women and girls in humanitarian crises, compounded by the Covid-19 crisis, have increased rapidly, setting back progress on gender equality and the empowerment of women and girls. Despite the high profile of gender-related issues within humanitarian policy, and increases in funding for gender equality and to support women and girls in humanitarian crises, global efforts have fallen short during Covid-19. This report presents analysis of the latest available data alongside insights from those working in the sector. It shows that current delivery, tracking and reporting of funding for gender equality and the empowerment of women and girls in humanitarian crises does not ensure that the needs of those experiencing crises are fully understood or met, and it reinforces the urgent need for system reform.