The British government launched Wednesday (Oct. 27) the new Global Poverty Action Fund, previously called the Poverty Impact Fund, to finance poverty reduction projects focused on service delivery to support the Millennium Development Goals.
The fund will provide as much as 4 million pounds (USD6.3 million) over three years for selected projects. Applications for the first funding round ends on Dec. 14.
The Department for International Development is seeking three experienced individuals to be members of the fund’s advisory board, which will meet up to three times each year starting January next year. The board will advise on grant awards and the fund’s design.