NEW FUNDING AND FINANCING MECHANISMS
The new financing mechanism, established after the Grand Bargain, aims to enhance the efficiency and effectiveness of humanitarian funding by prioritising localisation and ensuring that resources reach those most in need. This mechanism emphasises early and rapid funding, enabling IHH to innovate and adopt proactive approaches that deliver swift assistance to people at risk. With crises becoming increasingly frequent and complex, humanitarian actors need this new model to act early and effectively when crises are anticipated. As resources are limited, skewed, and slow to mobilise, IHH will develop new resource mobilisation mechanisms that are pre-identified, rapidly deployed, reach the most vulnerable-including those often overlooked-and operate with minimal overhead costs. IHH intends to work on new financing mechanisms that are relevant, suitable, and accessible to frontline and local actors. While working on new mechanisms, IHH also aims to ensure that those mechanisms that already exist are made available and accessible to local and national actors.
IMPACT TO DATE:
IHH has demonstrated its capability to respond to a variety of small to medium-scale crises, including floods, cyclones, storms, wildfires, and the COVID-19 pandemic. It has disbursed almost £2.94 million in funds to support disaster relief efforts and address crucial gaps in the humanitarian aid system in India.
FUTURE PRIORITIES:
IHH seeks to facilitate early and rapid funding, supporting local humanitarian actors to respond swiftly to crises. By streamlining funding processes and building collaboration among various stakeholders, it aims to create a more inclusive system where local actors play a central role in shaping interventions. IHH will serve as a platform to amplify these voices, ensuring that local knowledge, experiences, and leadership drive meaningful change in humanitarian efforts.