(MENAFN) The Office for the Coordination of Humanitarian Affairs of the United Nations reports that the organization's humanitarian initiatives face a record financing deficit this year, with barely a third of the necessary $48.7 billion secured so far as global needs exceed commitments (OCHA).
Armed conflict and climate change are now recognized as two of the main causes of "mega crises," which pose a danger to the lives of whole communities, and money is required to assist around 204 million people globally.
“More than halfway through the year, the funding shortfall is $33.6bn, our biggest funding gap ever,” OCHA representative Jens Laerke informed a media briefing on Friday.
“The needs in the world are rising much faster than the donor funding is coming in,” he stated.
In a year of growing humanitarian needs, $15.2 billion has so far been raised at the halfway point of the year, also a record, according to Laerke.
According to OCHA's website, the World Food Programme was the biggest receiver, with the United States being the top giver with little over $8 billion in contributions.
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