Interactive Panel Discussion: New Financing Models in Humanitarian Settings

In 2017, with the help of the Federal Government of Switzerland, the Swiss private bank Lombard Odier, Munich Re and others, the International Committee of the Red Cross (ICRC) launched the first-ever impact bond in conflict-affected settings, focusing on its physical rehabilitation program in Nigeria, Mali and the Democratic Republic of the Congo . ICRC’s Humanitarian Impact Bond (HIB) helped make the case that new financing models and private capital could have a role to play as tools for humanitarian impact.  Following the successful launch of the HIB, the ICRC has recently set up the New Financing Models (NFM) unit, with a view to explore and implement innovative financing solutions for humanitarian impact. Among them, the ICRC is teaming up with the World Bank, other humanitarian agencies, governments and corporate partners (including Munich Re and Swiss Re) around the Famine Early Action Mechanism. The objective is to prevent, mitigate and better respond to food security and famine situations. The ICRC is also considering scaled up versions of the HIB with Lombard Odier. What are the lessons learnt from the HIB? What is the role for impact bonds in humanitarian settings? What do new financing models mean? Can new financing models support the implementation of the Sustainable Development Goals? To respond to these questions and beyond, the ICRC will organize an interactive panel discussion in the frame of the Swiss Innovation Week. Leading experts in the field will share their insights into the issues and engage the audience with their interesting and lively discussions.

ICRC

The International Committee of the Red Cross (ICRC) helps people around the world affected by armed conflicts and other situations of violence, doing everything it can to protect their dignity and relieve their sufferings, often with its Red Cross and Red Crescent partners. The organization also seeks to prevent hardships by promoting and strengthening humanitarian laws and championing universal humanitarian principles. As the authority on international humanitarian law, it develops and monitors compliance with it. People know they can rely on the ICRC to carry out a range of life-saving activities in conflict zones, including: supplying food, safe drinking water, sanitation and shelter; providing health care; and helping to reduce the danger of landmines and unexploded ordnance. It also reunites family members separated by conflict, and visits people who are detained to ensure they are treated properly. The organization works closely with communities to understand and meet their needs, using its experience and expertise to respond quickly, effectively and without taking sides.

Partner's Activities during SIW2018

ICRC Reception

ICRC(The International Committee of the Red Cross)

16:00 - 17:00

Garden