Report of the Secretary General 2004
To ensure a more predictable and timely response to humanitarian crises, the present report proposes that the current Central Emergency Revolving Fund be expanded to a target of 500 million United States dollars to include a grant element alongside its existing loan element. The modernized Fund will be used to ensure funding is immediately available to support rapid response to humanitarian crises and address critical humanitarian needs in underfunded emergencies. The report requests the General Assembly to endorse the upgrading of the current Fund to make humanitarian response more predictable. The report also recognizes that predictable humanitarian financing is but one key element of the Secretary-General’s humanitarian reform package and that approval of a modernized fund, to be renamed the Central Emergency Response Fund, will contribute to the realization of the other elements of humanitarian reform, including those related to strengthening humanitarian coordination and humanitarian response capacity.