Financing for Sustainable

Development Goal 3Alison Marshall December 2015

Aim? improve the lives of women, newborns, children and adolescents by increasing funding for SDG 3

Where will the funds come from? Domestic private and public sources, the GFF Trust Fund and bi-lateral support.

How much? $214 million so far

The Global Financing Facility (GFF)

Funders of the GFF Norway: $600 million Canada: $200 million USAID Japan Bill and Melinda Gates

Foundation

Hosted by the World Bank and leveraging International Development Association and International Bank for Reconstruction and Development

Progress of GFF Announced: 2014 Launched: Addis Ababa

Financing for Development Conference July 2015

Business plan has been agreed

‘Front runner’ countries have started work on investment cases: ◦ Tanzania◦ Ethiopia◦ Democratic Republic of Congo◦ Kenya

8 more countries announced:◦ Bangladesh◦ Cameroon◦ India◦ Liberia◦ Mozambique◦ Nigeria◦ Senegal◦ Uganda

What next?

Loans: Any grants from GFF Trust Fund are dependent on countries taking loans from IDA or IBRD (likely on a 1:4 ratio). But taking loans for recurrent health costs could increase indebtedness

Only SDG 3: GFF should also finance target 5.6 under Goal 5 - to ensure universal access to sexual and reproductive health and reproductive rights.

Accountability: mechanisms for accountability are currently unclear. Civil Society organisations in country should have a strong role in creation and validation of all plans as well as monitoring.

My concerns about GFF

Video on GFF from World Bank

GFF Briefing

GFF learning from Kenya and Tanzania

Financing for Development Demystified

World Bank info on GFF

More information