News: Global recession and aid: Bad outlook for the poorest.
Remember my post After the global financial crisis comes the global humanitarian crisis?
Well today both the optimists and the pessimists hit the news. Or maybe they are both pessimists.
On one hand the International Federation of Red Cross and Red Crescent Societies (said to be the largest humanitarian organisation in the world) is considering cutting staff and shelving projects as it braces for recession-hit donors to slash aid contributions.
It warned of greater social unrest in poor countries as high food prices were compounded by slowing economic growth, job losses and falling income.
They added "It is 'revolting' that the US could find $700bn to bail out its financial sector while rich countries continued to fall short of their pledges to raise aid spending to 0.7 per cent of gross domestic product."
During the 1990-1993 downturn, global aid spending fell by a quarter and did not recover to 1992 levels until 2003, the UN added. (Full
On the very same day, the UN asked for $7 billion to fund its humanitarian work around the world in 2009. That is almost double of last year's appeal. (Full)
The need is greater, but the funding outlook for humanitarian aid is worse than before. The poorest will fall between the cracks of this dilemma.
Picture courtesy PSDTUTS
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