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    • NY #GlobalDev Week

    World Bank-led financing facility aims to boost progress on MDGs 4, 5

    With less than 500 days to go before the Millennium Development Goals expire, the targets on child and maternal health have yet to be accomplished. To accelerate progress, the World Bank will announce Thursday a new financing facility "for every woman, every child."

    By Jeff Tyson // 25 September 2014

    Significant gains have been made since the Millennium Development Goals were established in 2000. But with less than 500 days to go before the 2015 deadline, more progress is needed to meet MDG 4, which aims to reduce child mortality by two-thirds and MDG 5, which targets a three-quarters drop in maternal deaths.

    That’s why the World Bank is set to announce Thursday more details about a new instrument to coordinate and leverage financial resources to boost maternal, newborn, child and adolescent health in developing countries from 2015 to 2030.

    Although the idea has been in the works for some time, it was only discussed in public for the first time this week by Dr. Tim Evans, senior director of the bank’s Health, Nutrition and Population Global Practice, who said the institution is ready to make an initial — yet undisclosed — commitment to ensure that “we can finance starting now” to achieve by 2030 the ultimate goal of ending all preventable childbirth-related deaths by 2030.

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    About the author

    • Jeff Tyson

      Jeff Tyson@jtyson21

      Jeff is a former global development reporter for Devex. Based in Washington, D.C., he covers multilateral affairs, U.S. aid, and international development trends. He has worked with human rights organizations in both Senegal and the U.S., and prior to joining Devex worked as a production assistant at National Public Radio. He holds a master's degree in journalism from Columbia University and a bachelor’s degree in international relations and French from the University of Rochester.

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