America News Agency

The European Commission announced a 1.9 billion euro humanitarian aid budget for 2026 at a time when 239 million people worldwide are in need of humanitarian assistance.

Commissioner for Equality, Preparedness and Crisis Management Hadja Lahbib stated in Davos that this budget commitment aims to mobilize private sector investments and innovative financing solutions to complement public resources.

Emphasizing that the EU is one of the world’s leading humanitarian donors, Lahbib said, “Public resources alone will not be sufficient to address the scale of the crisis. That is why we also need the support of the private sector.”