On November 4th 2017, our Board Director Ertharin Cousin announced The Power of Nutrition has raised $50 million in new money for nutrition in its first two years
The Power of Nutrition is delighted to announce that in our first two years of operation we have successfully raised US$50 million of new money for nutrition programmes from corporates, philanthropies, high net worth individuals and collective funders. Working with national governments and our partners, we have in turn leveraged as much as $400 million in current and pipeline programme investments to provide improved nutrition to people in some of the worst affected countries in Africa.
The announcement of our progress to date was made at the Global Nutrition Summit 2017 in Milan, Italy, by our Board Director and former World Food Programme Executive Director, Ertharin Cousin.
Already, our first two programme investments alone – in Liberia and Tanzania – have contributed to more than 9 million children and women being reached with nutrition-related interventions
Within the next five years, we will raise another $150 million with which we will be able to leverage a minimum of $600 million of programme investments. This will bring us to a total of more than one billion dollars of programme investments by 2022.
The Global Nutrition Summit brought together governments, the development community, business and civil society to review progress towards the Sustainable Development Goals (Global Goals) on nutrition and announce new commitments to drive forward this progress to fight undernutrition.
In total, more than $3.4 billion was committed at the Summit, including $640 million in new funding announcements.
As part of the announcement, Ms Cousin recognised what she called the “tremendous support provided our founders” – the UK Government through UK Aid, the Children’s Investment Fund Foundation, the UBS Optimus Foundation, UNICEF and the World Bank.
“Ending hunger and chronic malnutrition is within our grasp,” she said. Doing so requires us to eliminate stunting and other forms of malnutrition. It also requires us to provide access to nutritious food year-round, particularly for children, their mothers and all women of childbearing age.
Undernutrition sustains a debilitating cycle that crosses generations. The Power of Nutrition is showing leadership and taking the necessary and important steps to fight undernutrition and break this cycle.