Red Cross says dramatic budget shortfall looming

THE Red Cross is bracing for a shortfall of up to a quarter of its 2023 budget, which could entail cuts to some operations, its chief told Swiss media.

The International Committee of the Red Cross (ICRC) fears it may fail to raise as much as 500-700 million Swiss francs (RM2.4-3.4 billion) out of a 2.79-billion-franc budget, its director-general Robert Mardini told the Le Temps daily today.