Global Financing Facility Gets Lifeline in Addis
Just as it seemed the Global Financing Facility (GFF) for reproductive, maternal, newborn, child and adolescent health might fade into obscurity, Canada, Japan, the U.S., and the Bill and Melinda Gates Foundation have stepped in with $214 million in new commitments. They were made during the official high-level launch of the GFF in Addis Ababa, alongside the Third International Conference on Financing for Development (FFD3). These new commitments bring the GFF’s resource envelope from $800 million to $1.14 billion. Not only do the new pledges bring the GFF closer to its goal of raising US$2.6 billion by 2020, they send an important signal that the GFF is a viable funding mechanism.