The FIF will complement the financing and technical support provided by the World Bank, leverage the strong technical expertise of WHO, and engage other key organizations. “I’m pleased by the broad support from our shareholders for a new Financial Intermediary Fund at the World Bank,” World Bank Group President David Malpass said. “The World Bank is the largest provider of financing for PPR with active operations in over 100 developing countries to strengthen their health systems. Drawing on its financial and legal platform, program management and operational expertise, and experience in managing FIFs, the World Bank will serve as the FIF’s Trustee and host the Secretariat, which will be staffed by the Bank and WHO. Implementing entities for FIF-financed projects in addition to the World Bank Group are expected to include WHO, other multilateral development banks and United Nations agencies, as well as other organizations.

Source: News Business Ethiopia July 01, 2022 12:26 UTC