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    AccueilNewsNational Society Investment Alliance (NSIA) funding announcement 2023

    National Society Investment Alliance (NSIA) funding announcement 2023

    The National Society Investment Alliance (NSIA) is a pooled funding mechanism, run jointly by the International Federation of Red Cross and Red Crescent Societies (IFRC) and the International Committee of the Red Cross (ICRC).

    The NSIA provides flexible, multi-year funding to support the long-term development of Red Cross and Red Crescent Societies so they can increase the reach and impact of their humanitarian services. It focuses on supporting National Societies operating in complex emergencies, protracted crises and fragile contexts.

    The NSIA can award up to one million Swiss francs of Accelerator funding to National Societies in fragile contexts over a maximum of five years. In addition, Bridge grants of up to 50,000 Swiss francs over 12 months can help National Societies lay the ground for future investment from the NSIA or from other National Societies Development (NSD) support initiatives.

    In 2023, the NSIA Office received 27 eligible proposals: 14 for Accelerator funding and 13 for Bridge grants. Having reviewed all applications and following up the decision of the Steering Committee, the NSIA Office is pleased to announce that the following four National Societies have been selected for Accelerator funding in 2023:

    • Ecuadorian Red Cross
    • Myanmar Red Cross Society
    • Red Cross Society of Niger
    • The Palestine Red Cross Society

    These National Societies will receive a significant investment to help accelerate their journey towards long-term sustainability.

    Three of these National Societies (Myanmar, Niger and Palestine) previously received NSIA Bridge grants, proving once again the relevance of the fund’s phased approach.

    The Myanmar Red Cross Society will proceed with the decentralization of its commercial first aid program after designing a strategy and a business model with the bridge grant.

    The Red Cross Society of Niger plans to develop the resource mobilization capacities of its branches after a pilot phase and to boost their volunteer base.

    The Palestine Red Cross Society, having developed an investment strategy with a previous bridge grant, will improve access to healthcare services by implementing a health management information system.

    The Ecuadorian Red Cross plans to develop a new internal system to better manage important parts of their work – including HR, volunteer, financial management and logistics. The NSIA will fund the first phase of implementation of this system.

    15 other National Societies will receive Bridge grants (up to 50,000 Swiss francs): Bolivia, Burkina Faso, Central Africa, Côte d’Ivoire, El Salvador, Honduras, Liberia, Philippines, Rwanda, Somalia, South Africa, Tajikistan, Tanzania, Togo and Zimbabwe.
    Most Bridge initiatives will focus on developing business plans and strategies for resource mobilization (57%) followed by branch development (21%). The National Societies’ projects will also focus on other themes such as volunteer development, youth engagement, digital transformation and governance are also identified.

    In total, the NSIA will allocate 3.2 million Swiss francs to the 19 different National Societies this year.

    The NSIA Office also takes this opportunity to thank the generous support from the governments of Switzerland, the United States, and Norway, and from the Norwegian and Netherlands’ Red Cross Societies, as well as the ICRC and IFRC, for their continuous commitment and contribution to the fund.

    The NSIA remains a strategic instrument for National Societies in fragile settings. The Nigerian Red Cross Society (NRCS) is implementing a NSIA accelerator initiative since 2021. Mr. Abubakar Kende, NRCS Secretary General explains: “The NSIA has played a pivotal role in the success and expansion of the Nigerian Red Cross Society’s commercial first aid training program. The financial and technical support and resources provided have significantly improved the overall impact, reach and quality of our Workplace First Aid training by developing advanced training products to bring us up-to-date with international best practices.

    The NSIA Accelerator Grant has been an invaluable asset for the development of the Nigerian Red Cross Society through strategic investments, expert guidance, and the introduction of additional revenue-generating streams that contribute to its long-term financial sustainability. This enables the National Society to fulfil its humanitarian mission and positively impact the lives of vulnerable communities across Nigeria.

    We are immensely grateful for the partnership so far with NSIA and look forward to continuing our shared mission of building a more prepared and resilient Nigeria. This cooperation and support has enabled NRCS to establish a solid foundation for growth and financial sustainability at both National Headquarters and the Branches, which we intend to scale up over the next coming years.”

    For more information, please click here to visit the NSIA webpage.

    We acknowledge Source link for the information.

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