Switzerland to participate in the first impact investment in the humanitarian sector
Bern, 8.9.2017 - The ICRC, with the support of Switzerland and other donor countries, is today launching an innovative model for financing humanitarian aid. The Programme for Humanitarian Impact Investments (PHII) is inspired by the concept of social impact bonds. This is a novel approach in the humanitarian field, with private investment helping to bring physical rehabilitation services to more people in need of such care. The PHII offers the ICRC a means to diversify and grow its funding base while limiting the financial risk incurred by public donors.