Global Financing Facility
The Global Financing Facility is an international development initiative that is supported by the world bank. It aims to fights poverty and inequity by advancing the health and rights of women and children.
It focuses on the continuum of care during pregnancy, birth, early years and adolescence, primarily women and children. As of 2018[update], it had worked in 27 countries. It brings together donors and the private sector especially to fund maternal health programmes.[1]
History
The Global Finance Facility was launched at the Financing for Development Conference in Addis Ababa in July 2015 by the United Nations and the World Bank as part of an effort to achieve goal three of the Sustainable Development Goals, Good health and well-being for people, and in particular to help governments in low- and lower-middle income countries transform how they prioritize and finance the health and nutrition of their people.[2]
The Democratic Republic of the Congo, Ethiopia, Kenya and Tanzania were the first countries to benefit.[3] It also now works in Afghanistan, Bangladesh, Burkina Faso, Cambodia, Cameroon, Central African Republic, Côte d’Ivoire, Guatemala, Guinea, Haiti, Indonesia, Liberia, Madagascar, Malawi, Mali, Mozambique, Myanmar, Nigeria, Rwanda, Senegal, Sierra Leone, Uganda and Vietnam.
It received a $200 million donation to its trust fund from the Bill & Melinda Gates Foundation in 2017[4] and was looking to raise $2 billion in 2018.[5] In November 2018, ten new investors—Burkina Faso, Côte d'Ivoire, Denmark, the European Commission, Germany, Japan, Laerdal Global Health, the Netherlands, Qatar and an anonymous donor—joined the existing funders: the Gates Foundation, Canada, MSD for Mothers, Norway, and the United Kingdom.[6]
In 2018, it was on of the sponsors of the Global Action Plan.[7]
In June 2021 GFF formed a partnership with the Government of Mozambique to support the COVID-19 pandemic response and rollout of the vaccines.[8]
Links to organizations
GFF financing is linked to:[9]
- Domestic government resources - reducing inefficiencies and raising taxes
- "Concessional" loans from the International Development Association and the International Bank of Reconstruction and Development
- Financing from donors - either new or existing
- Private sector assistance
References
- ^ "Playing catchup: funding for education still lags behind health". Financial Times. 10 October 2018. Retrieved 31 October 2018.
- ^ "About Us". Global Financing Facility. Retrieved 31 October 2018.
- ^ "Global Financing Facility Launched with Billions Already Mobilized to End Maternal and Child Mortality by 2030". World Bank. 13 July 2015. Retrieved 6 February 2019.
- ^ "A look at the Global Financing Facility's goals, strategies, and learnings". Devex. 24 July 2018. Retrieved 31 October 2018.
- ^ "The Global Financing Facility - An Opportunity to Get it Right". Reliefweb. 19 April 2018. Retrieved 31 October 2018.
- ^ "Donors pledge $1 billion for maternal and child health fund". Reuters. 6 November 2018. Retrieved 6 February 2019.
- ^ "Global Health Organizations Commit to New Ways of Working Together for Greater Impact". United News of India. 16 October 2018. Retrieved 31 October 2018.
- ^ "World Bank Injects $115 Million to Boost Covid-19 Vaccination in Mozambique". World Bank. Retrieved 2021-06-07.
- ^ "Call for more funding to save lives of 35m women and children in world's poorest countries". Telegraph. 3 October 2018. Retrieved 31 October 2018.