Venezuela: Funding Overview of the Humanitarian Response (1 January to 30 June 2024), As of 10 July 2024

FUNDING OVERVIEW

As of 30 June, donors contributed US$92.9 million to the 2024 Humanitarian Response Plan (HRP) - 11 per cent of the required amount, considerably below the average of 20 per cent funding for other HRPs. Funding has never been this low at mid-year since Venezuela’s first HRP in 2019.

Funding is often reported in the second half of the year, which leads to increases around October/November. Currently Venezuela’s 2024 response relies on the 2023 cash flow, highlighting the need for urgent funding to continue implementing the response.

Almost three-quarters of the financial contributions reported come from two donors. A more diversified donor base would contribute to a more robust response and strengthen the capacity of local organizations.

A lack of funding risks leaving people in need without critical assistance in areas such as food security, water, sanitation and hygiene, health, and nutrition.

LOCALIZATION

During the first half of 2024, the humanitarian response strenghtened localization - most of the HRP implementing partners are national and local organizations (57 per cent).

Emphasis on localization is a crucial step to empower and invest in local and national responders, fill critical gaps, and facilitate access to communities in a more inclusive and sustainably way.

The Venezuela Humanitarian Fund (VHF) has been at the forefront of advancing the localization agenda in Venezuela through four key pillars: quantity of funding, quality of funding, inclusion and participation in decision-making, and capacity-building.

VHF also has a synchronized approach with CERF funding, allowing a flexible, complementary, and multisectoral response.