LONDON — The Global Peace Index puts the cost of current humanitarian conflicts on the world economy at $14.2 trillion and rising, with a growing funding gap of about $2 trillion per year. At the same time, the world’s biggest national donor, the United States, is weighing potential cuts of more than 30 percent. Thus many are increasingly looking to the private sector for help.
While it’s mathematically impossible to fill the huge gap with private donors and philanthropy alone, many in that sector are giving more and beginning to look into providing more nuanced, strategic resources, in addition to cash, development experts say. These evolving models of funding and cooperation offer potential new ways to provide humanitarian aid more effectively, and experts are watching them closely for their impact.