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5th October, 2018

Exciting moment as Norway pledges USD$360m and Netherlands invests USD$68m to the Global Financing Facility


Topic
Global Financing Facility


It was reported that Nikolai Astrup, Minister of International Development for Norway has committed $360 million over the next five years to the Global Financing Facility. The commitment was made during the Global Citizen Festival in New York as a side event on Saturday during the 2018 United Nations General Assembly, which would a long way towards ending the preventable deaths.
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By Asmau Ahmad

It was reported that Nikolai Astrup, Minister of International Development for Norway has committed $360 million over the next five years to the Global Financing Facility. The commitment was made during the Global Citizen Festival in New York as a side event on Saturday during the 2018 United Nations General Assembly, which would a long way towards ending the preventable deaths of women, children and adolescents. Norway will be hosting the GFF Replenishment conference in November in Oslo and called on governments to urgently join them in raising $2 billion in funds to close the gap.

In another similar exciting news the Netherlands has join Canada, Denmark, Japan, Norway, the United Kingdom, the Bill & Melinda Gates Foundation, and MSD for Mothers as GFF Trust Fund Investors, This was contained in a press statement that was shared by the GFF secretariat on September 21st.  It revealed that the Government of the Netherlands has announced during the United Nations General Assembly that it was contributing 58, 5 million euros (US$68 million) to the Global Financing Facility in support of Every Woman Every Child (GFF), which is working with low- and lower-middle-income countries to transform how they prioritize and finance the health and nutrition of their people. The GFF aims to save as many as 35 million lives, and greatly improve people’s and countries’ abilities to thrive in the global economy.

 “The Kingdom of the Netherlands invests in the Global Financing Facility to provide young people in developing countries with freedom of choice regarding their sexual and reproductive health. This is critical to individual rights and development,” said Sigrid Kaag, Minister for Foreign Trade and Development Cooperation, the Netherlands.

"Women, children, and adolescents around the world are dying from preventable causes. Fixing this is the right thing to do—for the people who are affected, their families and their countries,” said Kristalina Georgieva, World Bank Chief Executive Officer. “I am delighted that the Netherlands is investing in the Global Financing Facility, to help countries do more with existing funding and mobilize the additional resources they need to save millions of lives."

It also highlighted that the demand from GFF-eligible countries to join the GFF is high, and the GFF is more than halfway to supporting 50 countries with the greatest need. With an additional US$2 billion raised for the period 2018-2023, the GFF can continue investing in 27 GFF countries and expand to 23 new countries. On November 6, 2018, the Governments of Norway and Burkina Faso, the World Bank Group, and the Bill & Melinda Gates Foundation will co-host a GFF replenishment event in Oslo, Norway.

It was reported that Nikolai Astrup, Minister of International Development for Norway has committed $360 million over the next five years to the Global Financing Facility.