• AutoTL;DR@lemmings.worldB
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    1 year ago

    This is the best summary I could come up with:


    According to WFP estimates from 79 countries where the Rome-based agency operates, up to 783 million people — one in 10 of the world’s population — still go to bed hungry every night.

    Michael Miebach, CEO of Mastercard, told the council that “humanitarian relief has long been the domain of government” and development institutions, and the private sector was seen as a source of financial donations for supplies.

    Jared Cohen, president of global affairs at Goldman Sachs, told the council that the revenue of many multinational companies rivals the GDP of some of the Group of 20 countries with the largest economies.

    Cohen said businesses can fulfill those responsibilities during crises first by not scrambling “to reinvent the wheel every time,” but by drawing on institutional memory and partnering with other firms and the public sector.

    Lana Nusseibeh, the United Arab Emirates ambassador, said the U.N. appealed for over $54 billion this year, “and until now, 80% of those funds remain unfulfilled,” which shows that “we are facing a system in crisis.”

    She said companies have stepped up, including in Haiti and Ukraine and to help refugees in the United States, but for too long, “we have turned to the private sector exclusively for financing.”


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