Sangam: A Confluence of Knowledge Streams

Alternative Systems for Managing Financial Transactions in Humanitarian Crises

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dc.creator Megersa, Kelbesa
dc.date 2021-11-29T11:35:23Z
dc.date 2021-11-29T11:35:23Z
dc.date 2021-04-13
dc.date.accessioned 2022-05-26T08:50:14Z
dc.date.available 2022-05-26T08:50:14Z
dc.identifier Megersa, K. (2021). Alternative Systems for Managing Financial Transactions in Humanitarian Crises. K4D Helpdesk Report 993. Brighton, UK: Institute of Development Studies, DOI: 10.19088/K4D.2021.136
dc.identifier https://opendocs.ids.ac.uk/opendocs/handle/20.500.12413/16969
dc.identifier 10.19088/K4D.2021.136
dc.identifier.uri http://localhost:8080/xmlui/handle/CUHPOERS/198760
dc.description Restrictions on the banking sector are having a growing adverse impact on the flow of funds to humanitarian agencies and assisting communities affected by humanitarian crises has also become much more difficult and costly. Delays, refusals of transactions by financial institutions and outright bank account closures worsen humanitarian crises by delaying aid distribution response times. The inability to channel funds and critical financial services into countries in humanitarian crisis prevents life-saving humanitarian assistance from reaching those who need it most. The absence of legal transfer channels means the financing vacuum is often filled by illicit means, which can facilitate the spread of crime and corruption (ODI, 2021). Humanitarian organisations have turned to a variety of transaction channels due to disruptions in legitimate transfer mechanisms. Without these alternative money transfer channels humanitarian organisations have been unable to run some parts of their programming. These alternatives means of obtaining funds requires humanitarian organisations to enter into less regulated financial agreements that are not subject to international standards.
dc.description FCDO (Foreign, Commonwealth and Development Office)
dc.language en
dc.publisher Institute of Development Studies
dc.relation K4D Helpdesk Report;993
dc.rights https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
dc.rights © Crown copyright 2021
dc.title Alternative Systems for Managing Financial Transactions in Humanitarian Crises
dc.type Helpdesk
dc.coverage Myanmar


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