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The Global Financing Facility in support of Every Woman Every Child (GFF) announced at its board meeting in Maputo, Mozambique, that ten new countries joined the GFF, a country-led model of development finance that brings together multiple sources of financing in a synergistic way to support countries’ priorities. The new GFF countries are Afghanistan, Burkina Faso, Cambodia, Central African Republic, Côte d’Ivoire, Haiti, Indonesia, Madagascar, Malawi and Rwanda.
The GFF is expanding beyond the 16 existing GFF countries with the support of the governments of Canada, Norway and the United Kingdom; the Bill & Melinda Gates Foundation; and MSD for Mothers. The Gates Foundation recently announced a USD200 million pledge to the replenishment of the GFF Trust Fund, a multidonor trust fund that is hosted by the World Bank Group and that supports the work of the broader GFF partnership.
In September 2017 at the United Nations General Assembly, the GFF launched its replenishment, with the goal of raising USD2 billion to respond to countries’ interest in joining the GFF. With USD2 billion, the GFF can reach a total of 50 countries during the next five years.
Each dollar invested in the GFF Trust Fund, is catalytic and links to several sources of funding-domestic government resources, financing from the World Bank’s International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD), aligned external financing, and private sector resources. This approach enables the estimated financing gap of US$33 billion per year to be closed.