World leaders pledge US$1 billion to transform health and nutrition of world’s poorest women, children and adolescents

– Ten new investors—Burkina Faso, Côte d’Ivoire, Denmark, the European Commission, World Bank buildingGermany, Japan, Laerdal Global Health, the Netherlands, Qatar and an anonymous donor—have joined since the launch of the Global Financing Facility replenishment. They join existing funders the Bill & Melinda Gates Foundation, Canada, MSD for Mothers, Norway, and the United Kingdom to fund the GFF to improve the health and nutrition of women, children and adolescents.

– US$1 billion pledged to the GFF Trust Fund in Oslo today is expected to link to an additional US$7.5 billion in IDA/IBRD resources for women, children and adolescents’ health and nutrition.

– Burkina Faso reaffirmed its commitment to allocating at least 15% of its annual budget to improve health; Côte d’Ivoire committed to increasing its health budget 15% annually; and Nigeria recommitted to investing US$150 million per year from its budget to sustainably finance health and nutrition of women, children and adolescents.

– US$1 billion will help the GFF partnership on the pathway toward expanding to as many as 50 countries with the greatest needs, to transform how health and nutrition are financed. Alongside other global health initiatives, this can contribute to saving and improving millions of lives by 2030.

Continue reading

World Bank Announces $1bn Assistance for Indonesia Natural Disaster Recovery and Preparedness

NUSA DUA, Bali, Indonesia, October 14, 2018—The World Bank has announced imagesfunding of up to $1 billion for the Government of Indonesia to supplement relief and reconstruction efforts in the disaster-affected areas of Lombok and Sulawesi, and to bolster long-term resilience.

The funding will be available on request by the Government. It would be guided by a US$5 million grant for technical assistance for detailed planning to ensure reconstruction is resilient and community-led.

Continue reading

New World Bank Group Facility to Enable more than $1 billion for Women Entrepreneurship

HAMBURG, Germany, July 8, 2017—On the occasion of the G20 leaders’ summit, the nasikiliza-unleashing-the-potential-of-women-entrepreneurs-in-africa-feature-780x439World Bank Group today announced the creation of an innovative new facility that aims to enable more than $1 billion to advance women’s entrepreneurship and help women in developing countries gain increased access to the finance, markets, and networks necessary to start and grow a business.

The United States initiated the idea for the facility and will serve as a founding member along with other donor countries.

Continue reading