World Bank’s Global Financing Facility Offers ‘Different Way Of Investing In Health, Development’
The Lancet: The Global Financing Facility — towards a new way of financing for development
Mariam Claeson, director of the Global Financing Facility for Every Women Every Child at the World Bank
“…To respond to the tide of global change and prepare for the new development era, the U.N., in partnership with the World Bank Group, launched the Global Financing Facility (GFF) … The success of the GFF will be measured in changes over time in coverage of [reproductive, maternal, newborn, child, and adolescent health and nutrition (RMNCAH-N)] high-impact interventions and monitoring of trends in health outcomes towards the [Sustainable Development Goals (SDGs)] … and in the shorter term by changes in efficiency, domestic resource mobilization, and donor alignment. Work is underway among GFF partners to better measure these changes in financing, to strengthen monitoring, evaluation, and accountability, and to build quality assurance capacity in countries. GFF partners … are also developing an implementation research agenda to ensure that the GFF process focuses on the most impactful and equitable approaches. In line with the GFF’s emphasis on national ownership, countries will develop their own approaches to independent evaluation. The GFF Trust Fund will also be independently evaluated at the global level. These investments in women, children, and adolescents will pay dividends in health, nutrition, and across the development spectrum that countries, their people, and economies will reap for generations to come. With the GFF, we can go further, maybe faster, and finance healthy futures at a time of great global uncertainty” (4/22).