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2nd December, 2018

With over US$1billion pledged; The GFF has come to stay


Topic
Global Financing Facility


With World leaders pledging US$1 billion for the Global Financing Facility to transform health and nutrition of world’s poorest women, children and adolescents, pundits are already declaring that the GFF has come to stay as one of the global financing mechanism addressing myriad health problems globally.
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Written by Asmau Ahmad

With World leaders pledging US$1 billion for the Global Financing Facility to transform health and nutrition of world’s poorest women, children and adolescents, pundits are already declaring that the GFF has come to stay as one of the global financing mechanism addressing myriad health problems globally.

According to a news statement shared by the GFF Secretariat, the Oslo, Norway Replenishment November 6 Event recorded contribution from Ten new investors ; Burkina Faso, Côte d'Ivoire, Denmark, the European Commission, Germany, Japan, Laerdal Global Health, the Netherlands, Qatar and an anonymous donor. 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.

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

“Today there is great hope that the world’s poorest countries can build healthy, vibrant futures where no woman, child or youth is left behind. The GFF partnership is effective and efficient—working with countries to develop the capacity to build and sustain the health systems their women and children need to survive and thrive,” said Erna Solberg, Prime Minister of Norway and Co-Chair of the Sustainable Development Goals Advocates. Today in Oslo, 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. Increasing domestic resources is an integral focus of GFF-supported countries. “The GFF is about country-ownership—working with countries to set priorities, and drive domestic resource mobilization. These are the GFF’s great strengths. It makes the most compelling case for why countries must lead and put their own money on the table, and it reinforces the prioritization of resource allocation for basic social sectors, particularly the health sector,” said Roch Marc Christian Kaboré, President of Burkina Faso. “In 2018, all mothers should be able to protect their own health, and the health of their babies and children. But each day, 830 women die from complications related to pregnancy or childbirth and 450,000 children under five die needlessly every month,” said Kristalina Georgieva, CEO of the World Bank.

With World leaders pledging US$1 billion for the Global Financing Facility to transform health and nutrition of world’s poorest women, children and adolescents............