The Ministry of Foreign and European Affairs hosted a conference on New Financing Models in humanitarian settings at the House of Microfinance on 9 July. The session was introduced by Manuel Tonnar (Director for Development Cooperation and Humanitarian Aid at MFA and Vice-Chairman of LuxFLAG). Peter Maurer (President of the International Committee of the Red Cross), Katharine Pulvermacher (Executive Director of the Microinsurance Network), Tom Théobald (Deputy CEO of Luxembourg for Finance and Board member of LuxFLAG), Jean-Philippe de Schrevel (Founder of Bamboo Finance) and Sachin Vankalas (Director of Operations and Sustainability at LuxFLAG) took part in the panel discussion moderated by Maximilian Martin (Global Head of Philanthropy at Lombard Odier). The discussion focused on new financial frameworks that could bring a new learning curve and scale to the way of financing humanitarian aid projects. The Humanitarian Impact Bond created by the ICRC as an innovative funding mechanism has been developed to encourage social investment from the private sector and help transform the way vital services for people with disabilities are financed in conflict-hit countries. It has been highlighted that microfinance and microinsurance could bring new opportunities to building resilience. Financial technology can be leveraged to reduce transaction costs and enable faster money transfers to conflict-hit countries. The construction and management of water systems, which takes a large stake in assistance spending, could be structured in marketable derisked financial products aiming private investors.

 
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