The UK International Development Select Committee report on the Global Fund to Fight AIDS, Tuberculosis and Malaria was released today. RESULTS UK has been following this process closely, given the critical importance of the Global Fund in the fight against these three killer diseases, particularly tuberculosis (TB), with our Executive Director, Aaron Oxley, being called on to give oral evidence to the Select Committee.
The Chair of the Committee, Malcolm Bruce MP, summed up the findings with:
The UK has been a reliable partner to the Global Fund but we are concerned at the continued delay in providing additional funds. We strongly urge the Department for International Development to do all possible to commit funds earlier than 2013. A significant increase by the UK could help to catalyse contributions from other donors.
There has been some welcome news since we completed our report with the Global Fund announcing £630 million in new funds. It is also reassuring to see other countries such as Japan stepping up to the plate with their largest ever annual contribution. Other donors – including the UK – also must commit new funds in the coming months if the Global Fund is to return to full operation speedily and carry on doing what it does best – saving lives.
We at RESULTS couldn’t agree more. Continue reading
Posted in Department for International Development, Global Health, International Institutions, News, TB
Tagged AIDS, gfatm, Global Fund, IDC, Inquiry, International Development Select Committee, Malaria, news, TB
The APPG on Microfinance hears from experts in funding of the microfinance sector
The All Party Parliamentary Group (APPG) on Microfinance held its final microfinance evidence session last Monday. The APPG’s secretariat is hosted by RESULTS UK and the group has since November been holding an inquiry into the poverty reducing capabilities of microfinance. The oral evidence sessions are designed to engage with a wide variety of voices in order to gauge opinions on some of the most pressing issues currently facing the sector.
This final evidence session was aimed at questioning those who represent funders or have expertise on the role of funders of microfinance. The speakers included Sukhwinder Arora (Oxford Policy Management), Marcus Fedder (Agora Microfinance) and Chris Bold (CGAP- teleconferencing in from Washington DC). The session was chaired by Annette Brooke MP, Chair of the APPG on Microfinance.
Like previous evidence sessions the topics addressed were varied and the conversation lively. We heard responses on issues such as microfinance regulatory reform, the importance of innovation, the potential of microfinance in fragile states and the relative responsibility of funders to ensure consumer protection. Continue reading
Posted in Microfinance
Tagged Agora Microfinance, Andhra Pradesh, Annette Brooke MP, APPG, APPG on Microfinance, CGAP, Chris Bold, funding, Inquiry, Marcus Fedder, Microcredit, Microfinance, Oxford Policy Management, Regulation, RESULTS, Sukhwinder Arora
In November 2010 the APPG on Microfinance launched an inquiry aimed at looking into the poverty reducing capabilities of microfinance, which is intended to result in a set of recommendations for how the UK Government should support the sector. RESULTS provides the Secretariat for the APPG, and is helping to pull the report together.
Since the launch of the inquiry the APPG has received written submissions from a wide range of sources across the microfinance sector. As part of this evidence gathering process on Wednesday the APPG held its first in a series of three oral evidence sessions. This session focused particularly on attempting to gain the perspective of leading academics working in the field of microfinance. Continue reading
Over the past 30 years, the microfinance sector has grown and diversified massively. There are now many different actors providing financial services to the world’s poor. Some institutions focus on tackling poverty through microfinance, where others have a stronger focus on profits – and most microfinance institutions fall somewhere between the two extremes. The variation in microfinance models has led to increasing debate about the ultimate aims of microfinance; who it should target and how it should be administered.
RESULTS UK hosts the Secretariat for the All Party Parliamentary Group on Microfinance. This group is concerned with how microfinance might be used to reduce poverty among the global poor. As part of the APPG’s work in 2011, they are conducting an inquiry in order to tackle the questions that have arisen from this diversification, in particular, whether microfinance institutions need to be intentional about improving the welfare of their clients in order to have an impact on poverty alleviation. It will look at the the way in which Donors and the UK Government should seek to contribute to the microfinance field and provide recommendations to the Department for International Development (DFID) based on its findings. Continue reading