Global Health Donors Should Funnel Money Through GFF To Better Leverage Funds, World Bank’s Jim Kim Says At WEF
Devex: Jim Kim thinks more donors should leverage their funds
“…Speaking at a breakfast event Thursday at the World Economic Forum in Davos, Switzerland, [World Bank President Jim] Kim made a pitch to global health donors, asking them to consider channeling their funds through the Global Financing Facility for maternal and child health, which promises a four to five time multiplication effect for the money it receives. By de-risking investments for the private sector and allowing countries to access low-interest financing, the GFF makes it attractive for countries to take World Bank loans for health projects — and to spend more of their own money on those projects. Kim thinks more donors should use it…” (Igoe, 1/19).