The Inter-American Development Bank (IDB) reported on Friday that it will contribute up to 25 billion dollars to finance programs and policies of the Global Alliance against Hunger and Poverty, which Brazil will launch next week at the summit of the largest group. 20 economies in the world (G20).
The resources, available to the 26 member countries of the IDB, will be allocated to initiatives contemplated in the Alliance that seek to “accelerate progress in the fight against poverty and hunger between 2025 and 2030,” the entity indicated in a statement.
“As part of the commitment, the IDB will ensure that 50 percent of the new approved projects directly benefit the poor, especially women, Afro-descendants and indigenous populations, who are the most affected by poverty,” he added.
Devised by leftist president Luiz Inácio Lula da Silva during Brazil’s presidency of the G20, the Global Alliance against Hunger and Poverty will bring together countries from around the world and international institutions.
Its objective is to free up financial resources to fight these problems or reproduce initiatives that work at the local level.
The IDB officially joined the Alliance this Friday, during the G20 Social, a citizen participation initiative taking place in Rio de Janeiro, three days before the start of the summit of the leaders of the twenty largest economies in the world, including them Mexico.
The multilateral bank also made available up to 200 million “non-refundable” dollars in technical assistance for the design, implementation, evaluation, improvement and expansion of priority policies and programs “within the framework of the Alliance.”
“This includes, among other interventions, social protection programs to benefit children and families, access to water and other basic infrastructure,” the statement said.
Also “investments in early childhood development and quality education, health and nutrition services, expansion of school meal programs, and support for small farmers,” he added.
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘
fbq(‘init’, ‘133913093805922’);
fbq(‘track’, ‘PageView’);
fbq(‘track’, ‘Contact’);
fbq(‘track’, ‘Donate’);
fbq(‘track’, ‘FindLocation’);
fbq(‘track’, ‘Lead’);
fbq(‘track’, ‘Search’);
fbq(‘track’, ‘Subscribe’, {value: ‘0.00’, currency: ‘MXN’, predicted_ltv: ‘0.00’});
fbq(‘track’, ‘ViewContent’);
#IDB #contribute #billion #dollars #Lulas #alliance #hunger
–
What specific strategies will the IDB implement to ensure that the $25 billion contribution effectively reaches the poorest populations impacted by hunger and poverty?
[1]: IDB’s Contribution to the Global Alliance Against Hunger and Poverty: Dr. Rodrigo Herrera, Chief Economist at the Inter-American Development Bank, and Ms. Maria Soledad Artiga, Director of the Social Protection and Health Division at the IDB,share their insights on why the institution decided to contribute up to 25 billion dollars to the Global Alliance Against Hunger and Poverty, its expected impact on combating these issues, and the measures taken to ensure direct benefit to the poorest populations.
