Bond appoints Caroline Nursey as its new chair

Nursey is executive director of BBC Media Action, and replaces Tim Wainwright, executive director of WaterAid

The international development charity body Bond has appointed Caroline Nursey, executive director of BBC Media Action, as its new chair.

Nursey, who has been executive director at BBC Media Action since 2009, has succeeded Tim Wainwright, executive director of WaterAid, who has served as Bond’s chair since April 2015. 

Nursey will serve an initial one-year term in her new role, Bond said in a statement.

Before her role at BBC Media Action, an international development charity that focuses on using the media to reduce poverty, Nursey spent seven years in director-level roles at Oxfam.

She was also one of Bond’s founders and has been involved in the organisation for more than 20 years.

Nursey said: “I have been involved with Bond since its formation and have been proud to watch the organisation go from strength to strength.

“Bond plays a critical role in supporting and strengthening the development and humanitarian sector so that we all work effectively to help those facing insecurity and living in poverty. As the recent flooding in south Asia and Hurricane Irma sadly remind us, the invaluable work our sector does is needed now more than ever.” 

Tamsyn Barton, chief executive of Bond, said: “We are delighted to welcome Caroline as chair of Bond. Caroline was one of the founders of Bond and has been pivotal in supporting the organisation’s growth in strength over the past 20 years.

“Caroline brings a wealth of experience, enthusiasm and commitment to the development sector. We are very much looking forward to welcoming Caroline and continuing the fantastic work Bond does to champion and challenge the development sector.”

Barton also paid tribute to Wainwright, who she said “achieved an enormous amount over a short period of time” and thanked him for his “continued dedication to Bond”.

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ICRC sets up first ‘humanitarian impact bond’, worth £21m

In a programme run on a payment-by-results basis, the charity will help to build and run physical rehabilitation centres in three African countries

The International Committee of the Red Cross has set up what it says is the world’s first “humanitarian impact bond”, which is expected to be worth about £21m.

The new bond, which will help to build and run three physical rehabilitation centres in Nigeria, Mali and the Democratic Republic of the Congo, has the UK government as one of five “outcome funders” that will pay the ICRC if the scheme performs.

Approximately £21m in funding will be used to build and run the centres over the next five years, and the programme will run on a payment-by-results basis.

The bond, which is officially known as the Program for Humanitarian Impact Investment, will use initial funding from a number of social investors in the private sector to help the ICRC run each rehabilitation centre.

After five years, the five outcome funders – which include the governments of the UK, Belgium, Italy and Switzerland and the La Caxia Banking Foundation – will pay the ICRC according to the results achieved, in this case how many people receive mobility devices per rehabilitation professional.

The results will be benchmarked against existing physical rehabilitation centres in the region as part of the payment-by-results programme.

The ICRC will repay the social investors from the private sector using the money from the five outcome funders, dependent on whether the results achieved are above the benchmark.

Peter Maurer, the president of the ICRC, said: “This funding instrument is a radical, innovative but, at the same time, logical step for the ICRC. It is an opportunity not only to modernise the existing model for humanitarian action, but also to test a new economic model, designed to better support people in need.

“We hope that once the pilot project is proven, it will demonstrate that non-traditional financing models can work. There is great potential for investments that are built around improving the social, environmental and economic conditions so that humanitarian action advances in impact, effectiveness and scale in ways never seen before.”

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