United Nation (UN) allocates $100 million from Central Emergency Response Fund (CERF) | Current Affairs | Vision IAS
News Today Logo

    United Nation (UN) allocates $100 million from Central Emergency Response Fund (CERF)

    Posted 29 Feb 2024

    2 min read

    • Allocated fund will support underfunded aid operations in seven countries in Africa, the Middle East and the Latin America.
    • Central Emergency Response Fund (CERF) was established by the UN General Assembly in 2005 as the UN global emergency response fund.
      • Enables humanitarian actors to deliver life-saving assistance to the most vulnerable people, when and where needed the most.
      • Emergency Relief Coordinator manages CERF on behalf of the UN Secretary-General
      • Releases resources for underfunded emergencies twice a year.
      • It also serves as a strategic instrument for addressing critical funding gaps in underfunded humanitarian emergencies.
    • Critical funding gaps for humanitarian emergency projects is widening, for instance UN-coordinated appeals have met only 60% of their funding requirements over the past decade (2010-20) (OXFAM, 2023).

     

    • Reasons behind funding gap:
      • Increased global conflicts: E.g. Syrian Conflict 
      • Rise in climate induced natural disasters: Drought in Horn of Africa 
      • Poly-crisis phenomenon: At a sub-national, national and systemic level risks are compounding exacerbating the frequency and severity of crisis.
      • Other: Donor fatigue, geopolitical dynamics, etc. 

     

    • Measures Required: 
      • Improving funding through localised and flexible funding mechanisms.
      • Deepening and broadening the funding base by developing new funding tools. 
      • Coordination between climate and humanitarian finance
    • Tags :
    • Central Emergency Response Fund
    • UN global emergency response fund
    • humanitarian emergency projects
    Watch News Today
    Subscribe for Premium Features