Development Banks Step In To Fill Gaps In Humanitarian Aid For Africa Left By Traditional Donors
Thomson Reuters Foundation: Record hunger in Horn of Africa pushes development banks to step in
“With a record-breaking 26.5 million people going hungry in the Horn of Africa, development banks are increasing their humanitarian funding to fill a gap left by traditional donors, a high-level mission said on Tuesday. … In an unprecedented move, the World Bank is giving $50 million to the International Committee of the Red Cross (ICRC) and the U.N. Food and Agriculture Organization to distribute emergency food, water, and cash in Somalia. … The African Development Bank (ADB) has also announced $1.1 billion to combat drought in six countries, mostly in the Horn of Africa…” (Migiro, 6/13).