Thursday, September 19, 2019

April / 2019

UNEP on a tight leash in wake of travel audit

 
Months after a critical audit of UN Environment triggered the resignation of Executive Director Erik Solheim, donors are positive about his replacement Inger Andersen, but they continue to use the money weapon to ensure that the agency improves practice.
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Finland breaks new ground with loan for IFAD’s core activities

 
Finland becomes the first Nordic donor to provide a loan to finance a multilateral agency’s core efforts. A EUR 50 million long-term Finnish loan will fund the UN’s agency for rural and agriculture development IFAD’s efforts to support small-scale farmers increase their yields and adjust to climate change.
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Ambitious plan to grow UN Peacebuilding Fund to USD 500m

 
The Swedish Foreign Ministry has hosted the first donors’ strategic financing dialogue for the UN Peacebuilding Fund aimed at realising UN Secretary General António Gutteres’ vision of tripling the size of the fund.
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ODA in 2018: Decade-long decline in aid for Sub-Saharan Africa continues

 
Donors’ aid to Africa and the world’s poorest countries is falling as part of a decade-long trend, says OECD’s aid watchdog DAC. Development assistance to Sub-Saharan Africa fell by 4.4 per cent last year. Humanitarian aid is also shrinking.
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Funding target for Green Climate Fund still up in the air

 
There is still no clear picture about a realistic funding target for the upcoming replenishment of the Green Climate Fund. The most optimistic scenario from the World Resources Institute of USD 66 billion assumes that all countries, including the United States, follow Norway’s lead. A more sombre assessment suggests it will be hard even to reach the USD 10 billion mark from 2014.
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Finnish aid loans to IFC-funded climate projects in Nepal and Senegal

 
Finland is contributing USD 20 million in aid-financed loans to climate projects in Nepal and Senegal as part of a blended finance mechanism managed by the World Bank’s private sector arm, IFC.
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Indian-made pneumonia vaccine is set to break Big Pharma’s hold on Gavi funds

 
By the end of the year, a new pneumonia vaccine produced by Serum Institute of India is set to enter the market at a much lower price than Gavi currently pays. Key vaccine actors call this a “game changer” that could reduce prices and save children’s lives.
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