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Norway proves itself a true champion of children’s rights with record donation

NEW YORK, 9 June 2014 - Norway contributed $98.5 million to UNICEF in a record-breaking agreement, signed today. The funds, which will be used thematically, will help UNICEF to reach even more of the world’s most vulnerable children.
 
“We are thankful to Norway for being a champion of our work for children. Thematic funds help us to deliver programmes when and where they are needed most,” says Dominique Hyde, Deputy Director for UNICEF's Public-Sector Alliances and Resource Mobilization Office.
 
Member States have endorsed thematic funding as an innovative approach to increase funding predictability for UN funds and programmes. Thematic funding, often referred to as “softly earmarked” funding, saves costs as funds are combined into large pools which allow for streamlined management throughout, from planning to reporting. Due to the reduced transaction costs, this type of funding also enjoys a lower cost recovery rate.
 
Thematic Funding pools are at the heart of UNICEF’s new Strategic Plan 2014-17. Partners can decide to allocate thematic funding by outcome area on global, regional or country level. There are also pools for “gender” and “humanitarian action” likewise on all three levels.
 
“This 98.5 million USD is a record contribution in the history of thematic funding. We hope this will encourage other partners to follow suite as the strategic value of these funds for UNICEF in delivering results for children cannot be underestimated”, Dominique Hyde adds.
 
The new agreement that was signed by the Executive Director and H.E. Minister Boerge Brende from Norway covers Norway’s contribution for 2014. Norway is investing a total of NOK 590 million ($98.5 million) to the global thematic funds for Education; Water, Sanitation and Hygiene; Child Protection and Social Inclusion.
 
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About UNICEF
UNICEF promotes the rights and wellbeing of every child, in everything we do. Together with our partners, we work in 190 countries and territories to translate that commitment into practical action, focusing special effort on reaching the most vulnerable and excluded children, to the benefit of all children, everywhere.
 
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For more information on thematic funds, click here

For more information please contact:

Larissa Bruun, UNICEF New York, Tel: + 1 212 326 7626, lbruun@unicef.org


 

 

 

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