Financial Times FT.com

Red Cross warns of hit from recession

By Tom Burgis in Johannesburg

Published: November 18 2008 15:10 | Last updated: November 18 2008 15:10

The world’s biggest humanitarian organisation is considering cutting staff and shelving projects as it braces for recession-hit donors to slash aid contributions.

The International Federation of Red Cross and Red Crescent Societies on Tuesday launched an appeal for SFr265m ($220m) for the coming year. It warned of greater social unrest in poor countries as high food prices were compounded by slowing economic growth, job losses and falling revenues from the commodities and remittances on which they are highly dependent.

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