A new report released by the World Economic Forum (WEF) at the Davos Summit made a strong call to capital to make a difference in the lives of the 1 billion people living in fragile and conflict-affected regions around the world.
The report, published by the WEF’s humanitarian initiative, Humanitarian and Resilience Investing (HRI), was announced for the first time at the Davos Summit in 2019. Released at a time when the food and energy crisis has hit the most vulnerable in many economies, the report calls for companies and investors to go beyond philanthropy and donations to private equity collaborations for humanitarian needs. Humanitarian organisations, development organisations, companies, investors and entrepreneurs are called upon to strengthen the resilience of the most vulnerable communities and economies by creating new sources of finance and creating sustainable solutions that can have a wide-ranging impact.
EU condemnation of Russia’s food and energy blackmail
European Commission President Ursula von der Leyen, in her speech at the Davos Summit, stated that Russia uses food and energy supply as a weapon and called for international action to prevent a global food crisis. Von der Leyen said that the future of Russia is in the hands of the Russian people and said, “The antidote to Russia’s blackmail is global cooperation.”
Source: Dünya Gazetesi by www.dunya.com.
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