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ICRC financial crisis grows with more job cuts as funding shrinks

Funding for humanitarian aid has been getting hard to find amid global economic pressures, but the needs are soaring.

Flags fly above the ICRC's headquarters and museum in Geneva
Flags fly above the ICRC's headquarters and museum in Geneva (AN/J. Heilprin)

GENEVA (AN) — The International Committee of the Red Cross, already facing a steep round of financial cutbacks as aid budgets drop off globally, announced plans to further scale back its 2024 budget and slash more jobs.

ICRC officials said on Monday they plan to cut next year's projected budget by 13%, reducing it to 2.1 billion Swiss francs (US$2.36 billion), and eliminate 270 more jobs or about 20% of its 1,400 staff at the Geneva headquarters as they "resize" the organization's "global footprint."

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