Multilateral sectoral funds (sectoral funds) provide a single point through which pooled funding from multiple sources can be disbursed to achieve outcomes for specific development needs. Sectoral funds also allow access to levels of expertise and development resources not usually available to individual countries. Australia provides funding to a number of sectoral funds that are working to improve outcomes in health and education, sustainable development and innovative financing in low income countries. These include Gavi, the Vaccine Alliance; the Global Fund to Fight Aids, Tuberculosis and Malaria; the Global Partnership for Education;, the Global Environment Facility; the Multilateral Fund for the Implementation of the Montreal Protocol; the Green Climate Fund; and, the Global Partnership for Output-Based Aid.
Gavi, the Vaccine Alliance
Gavi, the Vaccine Alliance (Gavi) works to reduce childhood deaths through helping low-income countries procure new and underused vaccines at globally low prices. These vaccines tackle the most common causes of childhood illness and death, including pneumonia, diarrhea and measles.
Gavi is an example of a successful public/private partnership. Its work aligns with the goals of Australia’s aid program: contributing to sustainable economic growth and poverty reduction through better health. Gavi also uses innovative approaches to generating funding for development, including the International Finance Facility for Immunisation mechanism (IFFIm). IFFIm generates funds for Gavi programs through issuing bonds on capital markets.
For 2016-2020 Australia has pledged $250 million to Gavi. Australia has also committed $250 million to IFFIm over 20 years (2010-2030). From 2006 to 2017 Australia provided $364 million in funding to Gavi.
Since 2000, Gavi support has led to the immunisation of close to 640 million children worldwide, including approximately 327 million in Asia and the Pacific. Gavi pools demand from eligible countries and uses this to ‘shape’ healthy vaccine markets. For example, Gavi’s work has led to a 46 per cent reduction in the price of pentavalent, pneumococcal and rotavirus vaccines since 2010. Since 2000, Gavi has supported the introduction of vaccines and provided grants for health system strengthening projects to 19 Gavi eligible countries across Asia and the Pacific.
The Global Fund to Fight AIDS, Tuberculosis (TB) and Malaria (Global Fund) is a partnership between governments, civil society, the private sector and people affected by the diseases to accelerate the end of AIDS, TB and malaria as epidemics. The prevalence of HIV/AIDS, TB and malaria in our region affects Australia’s national interest both directly, through the immediate health risks to our citizens, and indirectly, through the loss of economic opportunities.
Since 2004, Australia has committed AUD 820 million to the Global Fund, including our most recent pledge of AUD 220 million over 2017-19. Australia is an active member of the Global Fund Board and our financial contributions deliver value for money.
The Global Fund supports programs run by local experts in countries and communities most in need. Since 2002, the Global Fund has worked in partnership with national governments, civil society, the private sector and people affected by HIV, TB and malaria to achieve:
- 22 million lives saved
- A decline of one-third in the number of people dying from HIV, TB and malaria since 2002, in countries where the Global Fund invests
- 11 million people on antiretroviral therapy for HIV – more than half the global total
- 17.4 million people have received TB treatment
- 795 million mosquito nets distributed through programs for malaria
Further information on the Global Fund.
Global Partnership for Education
The Global Partnership for Education (GPE) is a multi-stakeholder partnership of bilateral and multilateral donors, developing country partners, and representatives from civil society and the private sector. GPE’s goal is to provide inclusive and equitable quality education and lifelong learning opportunities for all.
GPE’s objectives are strongly aligned with Australia’s aid priorities:
- promoting girls’ education
- providing access to education to the poorest and most marginalised children including in fragile and conflict affected states; and
- focusing on results in teaching and learning.
GPE (and its forerunner, the Fast Track Initiative) has mobilised US$4.3 billion in support of education since 2002. This funding is directed to 65 partner countries and has helped 72 million more children go to school since 2002.
Australia contributed $340.8 million to GPE between 2007 and 2014. In June 2014, Australia pledged $140 million for GPE’s 2015-2018 replenishment.
Australia’s support to GPE complements our bilateral education programs in the region and extends our reach in the education sector to a global scale. Australia is an active member of GPE’s board.
In 2016, GPE:
More information on GPE
- supported the construction or rehabilitation of at least 3,554 classrooms
- provided at least 29.7 million textbooks and learning materials; and
- trained at least 238,000 teachers and conducted over 1,700 disability training sessions for teachers.
Global Environment Facility (GEF)
The Global Environment Facility (GEF) is an international partnership of 183 countries, international institutions, civil society and the private sector, which addresses global environmental issues. It works with partners to improve agricultural productivity, sustainable fisheries and water resource management for poor communities. It also engages in environmental activities including biodiversity, land regeneration, protection of international waters, climate change mitigation and adaptation, and management of persistent organic pollutants and the ozone layer.
Australia contributed $93 million to the GEF (2014-18) to provide a range of grants to the Indo-Pacific region. As a member on the GEF Council, Australia is actively engaged in the governance of the GEF.
More information on GEF.
Green Climate Fund
The Green Climate Fund is a US$10.3 billion fund that aims to be the world’s leading multilateral funding for addressing climate change in developing countries. Australia has pledged $200 million over four years to the Green Climate Fund (GCF) to support developing countries to grow their economies in a sustainable way and help them adapt to climate change. Australia was elected Co-Chair of the GCF Board for 2016, alongside South Africa, in late 2015. The GCF will leverage private sector investment and support a range of emission reduction and adaptation projects with broader economic and environmental benefits. Australia is an active member of the GCF Board and uses its seat to advocate the interests of our region, and to promote effective governance.
More information about the Green Climate Fund.
More information on how Australia is working with other countries to share direct, practical approaches to tackling climate change.
Global Partnership on Output-Based Aid
The Global Partnership on Output-Based Aid (GPOBA) funds, designs, demonstrates, and documents output-based aid (OBA) approaches. OBA is a results-based and innovative financing instrument designed to improve delivery of basic infrastructure and social services for the poor (e.g water, telecommunications, micro-finance). OBA projects are commonly delivered by private firms, with donors providing performance-linked subsidies.
Working with GPOBA enhances Australia’s expertise in the selection, design and implementation of OBA activities, to look at ways in which innovative financing of projects can deliver stronger and more predictable results
More information about GPOBA’s work.
Global Green Growth Institute
The Global Green Growth Institute (GGGI) is an international organisation that supports strong, inclusive and sustainable growth in developing countries and emerging economies. The GGGI works closely with developing country governments by providing advisory services to support the delivery of green growth strategies, build institutional capacity and develop projects that incentivise and leverage public and private financing. The GGGI currently delivers programs in 26 partner countries, providing technical assistance, policy planning and helping to develop green investment projects. The GGGI also facilitates knowledge sharing on sustainable growth between its member countries and partner organisations.
Australia is one of six founding core contributors to the GGGI, which was established in 2012. Australia contributed US$20 million ($28.3 million) to the GGGI from 2012-2016. In April 2017, Australia re-committed to fund US$15 million to the GGGI for 2017-19. The GGGI has delivered strong outcomes in the Indo-Pacific region, and is expected to direct close to 40 per cent of GGGI funding to the region in 2017-18.
More information on GGGI.