International Federation of Red Cross and Red Crescent Societies: New “game-changing” financing mechanism to end cholera launched at U.N. General Assembly
“The Islamic Development Bank (IsDB) and the International Federation of Red Cross and Red Crescent Societies (IFRC) [Thursday] unveiled a major new initiative to combat cholera and other diarrheal diseases in 29 member countries of the Organization of Islamic Cooperation (OIC). … The One WASH Fund is a scalable outcome fund model that uses an innovative financing mechanism designed to attract new philanthropic and private investor capital by combining Islamic social finance contributions with traditional humanitarian donor financing…” (9/26).