A new business model for humanitarian assistance? A challenge paper
In this challenge paper, the members of the World Economic Forum’s Global Agenda Council propose a new vulnerability and protection business model for humanitarian assistance.
This new model has six requirements:
- a comprehensive risk framework
- a reworked balance of spending between response, prevention and recovery
- a big investment in national and local capacity
- fuller engagement of the private sector
- linking of the humanitarian to broader social and economic development issues
- regional and international readiness to address cross-border humanitarian issues