WBG Press Release: Global Financing Facility Launched with Billions Already Mobilized to End Maternal and Child Mortality by 2030

Global Financing Facility Launched with Billions Already Mobilized to End Maternal and Child Mortality by 2030  (Summary)

On July 13, the World Bank Group, the United Nations and the governments of Canada, Norway and the United States launched the Global Financing Facility (GFF), a new financing mechanism to invest in women’s, children’s and adolescents’ health through the Every Women Every Child initiative. Through domestic and international, private and public funding, $12 billion has already been aligned to country-led five-year investment plans in four initial countries: the Democratic Republic of the Congo, Ethiopia, Kenya and Tanzania. New commitments were made the by Bill and Melinda Gates Foundation and the governments of Canada, Japan and the United States. Additionally, eight countries were announced as the next group to benefit from the GFF: Bangladesh, Cameroon, India, Liberia, Mozambique, Nigeria, Senegal and Uganda. The GFF will partner with the World Bank’s International Bank for Reconstruction and Development to raise funds from capital markets for countries with significant funding gaps for reproductive, maternal, newborn, child and adolescent health.

Read the full Press Release