The International Committee of the Red Cross (ICRC) will reduce its 2026 budget by 17 per cent to 1.8 billion Swiss francs (US$2.23 billion) and cut 2,900 jobs, it said in a statement on Friday.
Aid budgets are facing an unprecedented shortfall as donors shift their focus towards defence, forcing humanitarians to make difficult decisions about whom to help amid multiple conflicts and record displacement.
At the same time, the top global aid contributor, the United States, is overhauling its…
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