Why Innovative Finance
Innovative Finance is not simply fundraising but illustrates a value chain model that has emphasis on developing capacity, exploring multiple business models and influencing a whole new way of transformative working and partnerships across the Federation and National Societies.
In our early exploration of potential, we have already begun interacting with various partners and seen the formulation of different models that together can make up a portfolio of innovative finance instruments that IFRC can deploy to not just unlock alternate capital for affected communities and National Societies but can also help accelerate our learning curve in a space that clearly has a lot of potential.
GIFT sits within the IFRC’s Global Innovation Team, under the Leadership of the Global Innovation Lead and the Under-Secretary General for Partnerships. The team will report to IFRC’s Innovation Lead, to deliver its mission, and is accountable for its management and outputs.
While the day to day operations of the unit are managed by the IFRC Innovation team, the overall initiative is guided by a small steering group that includes Senior representatives from contributing Partner National Societies, National Societies from priority Developing Countries and Senior Secretariat members including the USG Partnerships.