Central Emergency Response Fund (CERF)
Central Emergency Response Fund (CERF) : The Central Emergency Response Fund (CERF) is a trust fund with a grant element of up to US$ 450 million and loan facility of US$ 50 million. It was officially launched in New York on 9 March 2006 by the United Nations Secretary-General. In December 2005 the General Assembly decided to upgrade the Central Emergency Revolving Fund (a loan facility of US$50 million established by the General Assembly of the United Nations in 1991 under resolution 46/182) by adding the grant element thereby establishing the current CERF. The Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator manages up to US$ 500 million, including a loan facility of US$50 million and the newly created grant facility of up to US$ 450 million. The grant facility of CERF has two components: Rapid response grants to promote early action and response to reduce loss of life and to enhance response to time-critical requirements; and Underfunded emergency grants to strengthen core elements of humanitarian response in underfunded crises. CERF is funded by voluntary contributions from around the world and intended to complement existing humanitarian funding mechanisms. CERF provides seed funds to jumpstart critical operations and life-saving programmes not yet funded through other sources. (CERF)
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