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The Multi-Partner Trust Fund Office is a UN center of expertise on pooled financing mechanisms.

It supports development effectiveness and UN coordination through the efficient, accountable and transparent design and administration of innovative pooled financing mechanisms. For more information, consult the MPTF Office Gateway and publications.

News
28 Oct 2021

Geneva, 28 October 2021: The World Meteorological Organization (WMO), the UN Development Programme (UNDP) and the UN Environment Programme (UNEP) are to announce at COP26 a new United Nations Coalition Fund to significantly improve the collection of essential weather and climate data and boost the international response to climate change.

 

The Systematic Observations Finance Facility (the SOFF) will plug the data gaps that undermine our understanding of past and current climate, as well as our capacity to predict and project future climate scenarios. This, in turn, weakens international efforts to prepare for and respond to extreme weather events such as floods, hurricanes and drought.

 

To respond to the explosive growth in the demand for weather and climate data to support essential services needed by all sectors of society, last week 193 Member countries and territories of the World Meteorological Congress approved an integrated package including a Unified Data Policy, the Global Basic Observing Network (GBON), and the SOFF, to dramatically strengthen the world’s weather and climate services.

 

“If you don’t have observations, then you are not able to provide good forecasts”, said Petteri Taalas, WMO Secretary-General. “We have major data gaps in our observing systems in Africa, the Caribbean and Pacific islands and some parts of Latin America. Those countries are not able to provide high quality early warning services because they don’t have enough input data for the forecast models.”

 

Over the next ten years, the SOFF will build capacity in 75 Small Island Developing States and Least Developed Countries to enable them to generate and exchange essential weather and climate data, in compliance with internationally agreed standards of GBON.

 

The SOFF will have life-saving impact in the most vulnerable countries to climate change, where decades of progress can be wiped out by a single extreme event. However, the benefits of SOFF will be felt everywhere; countries across the globe will have access to improved weather forecasts and climate services at a critical time when impacts of climate change are intensifying everywhere.

 

According to Achim Steiner, Administrator of UNDP, the SOFF is a win-win for all. 

“Extreme weather and climate events are now increasing in frequency, intensity and severity as a result of climate change. Vulnerable communities are amongst the hardest hit. To help address this, they need access to the very best of technology to adapt to the effects of climate change and reduce risk.”

 

Weather and climate observations enabled by the SOFF are essential if the world community is to realize fully the 162 billion US dollars annually in socio-economic benefits of weather and climate prediction.

 

According to a recent World Bank report, the potential global disaster management benefits enabled by the SOFF are estimated at 66 billion US dollars per year and improved economic production resulting from better planning is estimated at about 96 billion US dollars annual. Weather-sensitive sectors such as agriculture, water, energy, transportation, construction and insurance will see the greatest benefits.

Recognising the value of the SOFF, countries are already providing indications of financial contribution. These will be unveiled at the event in Glasgow on 3 November.

Inger Andersen, Executive Director of UNEP, emphasises that this new mechanism is vital if the planet is to stave off the worst impacts of climate change.

“As we look towards a planet potentially hurtling towards 3°C at the end of the century, we need to step up climate action dramatically and this must be underpinned by the best available science and data. The Systematic Observations Finance Facility is key to achieving this.”

 


14 Oct 2021

The United Nations and partners are launching a new flagship financing instrument — known as the Complex Risk Analytics Fund (CRAF’d) — to provide data in support of all stakeholders in crisis anticipation, prevention and response.

In 2021, 250 million people require urgent international support.  Driven by climate change, conflict and now the COVID-19 pandemic, that number is 40 per cent higher than two years ago.  Yet, data is most scarce in the fragile settings where people are most at risk.  Only 51 per cent of data for major emergencies is complete.  Gaps in data capacity make humanitarian, development and peace operations less effective than they could be.

CRAF’d is a milestone on the path to more coherent financing for data in fragile and crises settings.  Complementing the World Bank-hosted Global Data Facility, it will boost the most critical data investments to spur anticipatory action before disasters unfold.  By pooling investments, CRAF’d will unlock better data, insights, decisions and support for the most vulnerable.  Targeting $15 million to $25 million in annual investments, the initiative will connect diverse partners in an open ecosystem, anchored in shared principles.

At the CRAF’d launch — attended by over 100 leaders from Governments, the European Union, international financial institutions and regional, local and non?governmental organizations — Deputy Secretary-General Amina J. Mohammed hailed CRAF’d as a trailblazer for the more inclusive, networked and effective multilateralism envisioned in Our Common Agenda.

“With data-driven insights, we unlock pathways to the Sustainable Development Goals for those most at risk of being left behind,” she said.  “If we invest multilaterally, we optimize impact by creating scale and minimizing fragmentation.  That is what CRAF’d is about.”

World Bank Managing Director of Development Policy and Partnerships Mari Pangestu said:  “Bridging the data divide is critical to support poor and vulnerable people hit hardest by crises, from COVID-19 to climate change, and chart a course for green, resilient and inclusive development.  We look forward to continue working closely with the United Nations and partners to maximize the value of data for people and planet.”

Inspired by the Secretary-General’s Data Strategy, CRAF’d is the result of a joint design process championed by Germany, Netherlands, United States and the United Nations family, as well as Niger, Nepal, Uganda and other partners across the globe.  Administered by the United Nations Multi-Partner Trust Fund Office, CRAF’d will become fully operational in early 2022.

The fund’s acronym CRAF’d (pronounced “craft”) signifies the shared commitment to foster excellence in the use of data for the common good.

For more information, please download the CRAF'd one-pager and visit www.crafd.io.


12 Oct 2021

The Global Fund for Coral Reefs (GFCR) is pleased to announce the approval of an initial commitment of up to USD 125 million from the Green Climate Fund (GCF) for its Investment Window managed by Pegasus Capital Advisors. GFCR is a blended finance mechanism dedicated to the conservation and restoration of coral reef ecosystems and the communities that depend on them.

Coral reef ecosystems are critical for providing coastal protection, food security, and livelihoods to coastal communities through the vast range of ecosystem services and economic activities they generate. However, climate change and local drivers of degradation are deteriorating the resilience of coral reefs and adjacent marine ecosystems. Despite the urgent need for action to avoid coral extinction and reverse degradation, the funding required for coral reef protection is approximately seven times greater than current funding flows.

As the only global blended finance mechanism devoted to coral reefs, the GFCR targets local drivers of reef degradation, including plastic pollution, sewage waste, unsustainable tourism, and unsustainable fishing, by deploying grants and investments across climate resilient coral reefs in lower- and middle-income countries.

The GFCR acts through two key financial instruments:

(i)            The Grant Window managed by the United Nations Multi-Partner Trust Fund Office has a target size of USD 125 million of which over USD 20 million have already been committed by the Paul G. Allen Family Foundation, Prince Albert II of Monaco Foundation, and the governments of France, Germany and the United Kingdom. GFCR grants serve to incubate projects and de-risk private sector investment in a pipeline of investible business models that generate positive environmental, social and economic impact. Grant funded activities include technical assistance, capacity development, emergency grants, direct conservation activities, and monitoring and evaluation.

(ii)          The Investment Window managed by Pegasus Capital Advisors is a blended finance private investment fund with a mandate to invest in a diversified global portfolio of mid-sized, scalable projects in the fields of sustainable ocean production, ecotourism, and sustainable infrastructure that benefit coral reef ecosystems and the people who depend on them.

At its Board meeting on October 6, 2021, the Green Climate Fund (GCF) approved a commitment to a first-loss tranche of up to USD 125 million to the GFCR Investment Window. As GCF’s first at-scale private sector programme in the blue economy, the commitment is intended to de-risk investments for private investors at the fund level, thereby bridging the gap between public and private investors. GCF will serve as an anchor investor in the GFCR Investment Window.

Yannick Glemarec, Executive Director of the Green Climate Fund, said: “I am very excited about this blue economy initiative as it represents GCF’s first large-scale private sector programme in the blue economy. GCF’s anchor investment of USD 125 million in this equity fund is revolutionary as it will attract business investment in coral reef protection across multiple countries, including a number of highly climate vulnerable Small Island Developing States.”

Jody Allen, Co-Founder & Chair of Paul G. Allen Family Foundation, a founding partner of the Global Fund for Coral Reefs, said: “Scientists predict that 90 percent of the world’s coral reefs will be lost by 2050 without drastic intervention. To prevent that catastrophe, we must advance solutions addressing the drivers of coral ecosystem decline in a thoughtful and coordinated way. This groundbreaking commitment from the Green Climate Fund is the first to catalyze climate finance to support coral reef conservation and restoration at scale. It addresses twin issues: the impacts of climate change on corals and the widely-recognized coral reef funding gap.”

Lord Goldsmith, UK International Environment Minister, said: “I’d like to congratulate the Global Fund for Coral Reefs for receiving Green Climate Fund approval. Coral reefs are among the world’s most valuable ecosystems but they are also extremely vulnerable to climate change and unsustainable human activity. This is why, through the UK’s Blue Planet Fund, we are supporting the Global Fund for Coral Reefs to enhance these crucial habitats. We must all play our part to protect the marine environment and to improve the ocean’s resilience to climate change. As hosts of COP26, the UK is putting nature at the heart of the conference, including championing the protection and restoration of marine ecosystems.”

Craig Cogut, Founder, Chairman & CEO, Pegasus Capital Advisors, said, “I am excited that we are part of GFCR – the first fund dedicated to SDG 14 that blends public and private sector finance. I am certainly grateful for the commitment of the Green Climate Fund as an anchor investor and the support of the many countries who have agreed to work with us. I believe we will unlock private investor capital to scale and maximize the impact of financially sound projects in the blue economy in close collaboration with the Grant Window.”

Achim Steiner, Administrator, UNDP, said, “Bold action is needed to protect, restore and build the resilience of our planet’s priceless coral reefs. With the generous and catalytic support of the Green Climate Fund, the Global Fund for Coral Reefs will be able to unlock game-changing reef-positive investments and empower local communities and enterprises who rely on them. This unique Fund will showcase business solutions that put nature at the heart of sustainable development.”         

 

For further information on the GFCR Investment Window, please contact:

Brian Friedman

Pegasus Capital Advisors, L.P.

212-710-2500

investorrelations@pcalp.com

https://www.pcalp.com/

For further information on the GFCR Grant Window, please contact:

Nicole Trudeau

UN MPTFO

nicole.trudeau@undp.org

http://globalfundcoralreefs.org/


7 Oct 2021

As part of the work of the UN Interagency Task Force on Non-Communicable Diseases (NCDs), the Russian Federation and the World Health Organization organized a side event during the UN General Assembly. The side event reviewed the work of the Task Force and its partners. This included the action that needs to be taken during the pandemic and beyond to meet the 2030 Sustainable Development Agenda, in line with the 2021 ECOSOC resolution on the work of the Task Force; progress on the newly established UN Multi-Partner Trust Fund to Catalyze Country Action for NCDs and Mental Health and new initiatives and publications.

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Dr Tedros Ghebreyesus the WHO Director-General sounded the clarion call that COVID-19 must be a wake-up call for the global health and development community when it comes to NCDs and mental health at a meeting during the UN General Assembly this week. ‘We know that people living with NCDs and mental health conditions are more susceptible to COVID-19 and at greater risk of severe disease’ he said, adding, ‘The COVID-19 pandemic has badly disrupted the delivery of NCD services for diagnosis, treatment, rehabilitation, and palliative care.

Dr Tedros highlighted that at the same time, the pandemic provided an opportunity to innovate, rethink, and to step up our game, reminding everyone that, ‘COVID-19 is going to make it even more challenging to meet the NCD-related targets of the Sustainable Development Goals, especially in low- and middle-income countries.’ Dr Tedros described the new UN-wide Multi-Partner Trust Fund on NCDs and mental health that has recently been established by WHO, UNICEF and UNDP, as one that will be ‘country-led, with a focus on equity and impact in our collective drive towards universal health coverage’. ‘I call on all development partners to support the Trust Fund, a critical initiative whose time has come, he added.  The UNICEF Executive Director, Henrietta Fore and UNDP’s Under-Secretary-General and Associate Administrator Usha Rao-Monari both emphasised that they were fully committed to ensuring the Fund is a success.

Dr Daniel Salinas, Minister of Health for Uruguay was proud to announce that Uruguay was committed to becoming a founding partner to guide the Fund’s strategic direction and safeguard its vision as an enabler for low- and middle- income countries to catalyse action in tackling NCDs and mental health conditions. Uruguay invited the whole international community to stand full square behind the new Fund. Dr Salinas’s call was echoed by Dr Francisco Duque III, Secretary of Health for Philippines, and many others when he said that the Trust Fund was a key development and would provide ‘an avenue to continue to support countries mobilize resources and to trigger increased action for the progressive realization of universal health coverage’.

Civil society was also clear on the urgent need to mobilize funds for the Trust Fund, which comes exactly ten years after the first political declaration on NCDs of the United Nations General Assembly. However, Katie Dain, CEO, NCD Alliance issued a warning that the Trust Fund’s success depended ‘on engagement and funding from [countries of] all income levels” and without it, it risked no more than being ‘an empty shell’. Highlighting the impact of the pandemic on those with NCDs and mental health conditions, Ms Dain reminded everyone on the need for an ‘integrated response for NCDs into COVID-19 as this presents an unmissable opportunity to increase value for money spent on the global response’

Chantelle Booysen, who has lived experience with mental health joined from South Africa and provided a powerful testimonial, emphasising the importance of mobilising funds, but also the need to prioritise empathy, and meaningful engagement of those living with NCDs and mental health conditions as well as carers.

In response to a presentation given by the Task Force Secretariat, speakers expressed appreciation for the ongoing work of its members. Dr Carla Barnett, Secretary General of CARICOM expressed gratitude to the Task Force for stimulating a ‘One UN approach with an emphasis on whole-of-society solutions’ but it was clear from her and many others that much more was required of the UN system if it is to achieve the Task Force’s vision of a world with healthier people and a more prosperous future – and its commitment to support countries meet the NCD-related Sustainable Development Goals.

The meeting also saw 19 organizations as winners of the 2021 Task Force awards, the fourth year that the scheme has been run. In presenting the awards, Dr Zsuzsanna Jakab, the WHO Deputy Director-General said, ‘We congratulate all those awarded today and we look forward to hearing progress on their work in the months ahead.’ She added, ‘We hope that these awards encourage even greater action both by those awarded and everyone else in responding the challenge of the NCD-related SDGs.’

Notes

  • Around 300 participants joined this sixth meeting of the ‘Friends’ of the Task Force’. Meetings are held annually in the margins of the UN General Assembly high-level week.
  • This meeting allows partners to be updated on the work of the Task Force and chart action for the coming year.
  • The Trust Fund was established earlier this year. It is calling for USD 250 million in order to enable countries drive forward cross-sectoral action that by 2030 is designed to lead to: (i) 8 million lives saved; (ii) 80 million healthy life years gained; (iii) USD 350 billion of economic benefits for low- and middle-income countries; and (iv) countries building back better in their response to COVID-19.
  • This year’s meeting, ‘Mobilizing resources and technical support with and for Member States to deliver the NCD and mental health-related Sustainable Development Goal targets during and beyond COVID-19’, was chaired by Dr Tedros Ghebreyesus, WHO’s Director-General and Hon. Mikhail Murashko, Minister of Health of the Russian Federation and co-sponsored by Norway, Bahrain, Philippines, European Commission, Gulf Health Council (GHC), Caribbean Community Secretariat (CARICOM), United Nations Development Programme (UNDP) and the United Nations Office on Drugs and Crime (UNODC).
  • The following spoke at the meeting: Mikhail Murashko, Minister of Health of the Russian Federation; Tedros Adhanom Ghebreyesus, WHO’s Director-General; Chantelle Booysen, Advocate for Mental Health and NCDs; Constantine N. Chiwenga, Vice President and Minister of Health and Child Care, Zimbabwe; Ms Usha Rao-Monari, UN Under-Secretary-General and Associate Administrator, UNDP; Henrietta Fore, Executive Director, UNICEF; Carla Barnett, Secretary General, Caribbean Community Secretariat; Francis T. Duque III, Secretary of Health, Philippines; Sulaiman Saleh Al-Dakheel, General Manager, Gulf Health Council; Minghui Ren, Assistant Director-General, WHO; Dag-Inge Ulstein, Minister of International Development, Norway; Mrs Faeqah Bint Saeed AlSaleh, Minister of Health, Bahrain; Najat Mokhtar, Deputy Director General and Head of the Department of Nuclear Sciences, IAEA; Adriana Blanco Marquizo, Head of the Secretariat of the WHO Framework Convention on Tobacco Control; Katie Dain, Chief Executive Officer, NCD Alliance; Samina Hamied, Executive Vice Chairperson, CIPLA; Zsuzsanna Jakab, WHO Deputy Director-General; and Alexey Kulikov, UN Task Force Secretariat. Moderators were Svetlana Axelrod, Director WHO Global NCD Platform; and Nick Banatvala, Head of Task Force Secretariat.

Further information

  • Dr Tedros’s opening remarks can be accessed here
  • A recording of the meeting is available here
  • The presentation that the Task Force Secretariat gave to the meeting is available here 
  • Further information on the Task Force is provided here
  • More details on the Trust Fund are available here

Originally published by WHO


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