Financial Times FT.com

Government bail-outs could hit aid agencies

By Frances Williams in Geneva

Published: October 8 2008 03:45 | Last updated: October 8 2008 03:45

Aid agencies fear huge government bail-outs to ease the global financial crisis will hit their funding at a time when humanitarian needs are mounting due to disasters, climate change and conflict.

John Holmes, the United Nations’ top humanitarian official, said he expects some cutback on the $104bn spent last year on official aid, though it is too early to gauge the extent. “We are naturally concerned that it could have a substantial impact on aid funding levels,” he said.

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