Launch of new Global Poverty Action Fund
DFID launches the Global Poverty Action Fund (previously called the Poverty Impact Fund) which will provide grants for projects tackling poverty in poor countries.
The UK Government is launching the new Global Poverty Action Fund today. The Fund (previously called the Poverty Impact Fund) will support poverty reduction projects focused on service delivery working towards the most off-track Millennium Development Goals in poor countries. The core principles of transparency, value for money and results underpin this initiative.
DFID conducted a public consultation on the Fund. The Fund design has now been finalised, taking into account the 122 comments received. DFID’s response to the consultation is available on the website. The first funding round is now open, and the deadline for receipt of applications is 14 December 2010.
The speech by International Development Secretary Andrew Mitchell provides further details of the UK Government’s priorities around aid.