Value for Money
It is estimated that every $1 invested in resilience will result in nearly $3 in reduced humanitarian spending and avoided asset losses over a 15-year period, but more research is required to understand which interventions have the greatest value for money.
Humanitarian responses to recurrent crises are costly. There is an urgent need to find ways to reduce the necessity and costs associated with these crises including lost lives and livelihoods, the cost to national and regional economies, and the unsustainable costs of responding to repeat, large scale humanitarian emergencies.
A study commissioned by USAID assessed the cost savings that could result from an earlier and more proactive response to drought in Kenya, Ethiopia and Somalia. It is estimated that every $1 invested in resilience and early response over a 15-year period will result in nearly $3 in reduced humanitarian spending and avoided asset losses.
However, additional evidence is required to determine which resilience interventions or combinations of interventions deliver highest value for money and have the greatest impact at the individual, household, community, and systems level in different contexts. This evidence will inform investment decision-making by national governments and international donors.
More About Value for Money
Catalyzing Private Finance for Climate Action: Learning Brief
11 Apr 2022 - USAID INVEST Project
USAID seeks to play a pivotal role in climate action, increasing funding to partner countries and reducing global emissions by half by 2030.
Asia Resilience Review
17 Sep 2019 - TANGO International
This review builds on learnings from the Asia Resilience Monitoring, Evaluation and Learning (MEL) workshop held in Bangkok, Thailand in July 2017.
The Economics of Resilience to Drought
23 Aug 2019 - Courtenay Cabot Venton , USAID Center for Resilience
A report comissioned by USAID to assess the cost savings that could result from an earlier and more proactive response to drought in Kenya, Ethiopia and Somalia.
Resilience Evaluation, Analysis and Learning (REAL) Project Value for Money Technical Meeting Summary Notes
22 Aug 2019 - Organizational Authors: TANGO International , Mercy Corps , Food for the Hungry , Save the Children , CORE Group under the Resilience Evaluation , Analysis and Learning Award, Author: Tom Spangler
Overview
Resilience agenda within USAID was prompted by repeat large-scale humanitarian crises, and the increasing costs associated: