John Holmes - Impact of the Financial Crisis on Humanitarian Funding

by Michael Bear · 2008-11-13 16:08:00 UTC
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UN Under Secretary General for Humanitarian Affairs / Emergency Relief Coordinator John Holmes spoke earlier this week about the impact of the financial crisis on humanitarian funding:

"So far it is not affecting it but you wouldn't expect that - the crisis has really only just started. The consequences would be felt - if they are felt - in government budgets, in aid budgets perhaps next year, perhaps more in 2010 because it may take time to filter through. But we don't know that; that is only a fear."

So, in short, there's no reason to panic. Yet.

To see previous posts on how the global financial crisis might impact humanitarian funding, see here.

[Photo of John Holmes from the AP]

Michael Bear
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