Australia invests in Global Innovation Fund, Media release, 24 Sep 2014, Australian Minister for Foreign Affairs, The Hon Julie Bishop MP

In embracing a new aid paradigm, Australia is taking a more creative approach to the planning and delivery of development programs. In New York I announced that Australia will contribute $30 million over four years to a global fund designed to develop innovative new ideas for development, explore alternative finance and create economic growth opportunities. The Global Innovation Fund (GIF) is a global program established by the United States and United Kingdom that will identify, test and scale up successful new approaches to development.

Source: http://media.australia.gov.au/notify/click.cgi?url=http%3A%2F%2Fwww.foreignminister.gov.au%2Freleases%2FPages%2F2014%2Fjb_mr_140924a.aspx%3Fministerid%3D4&collection=releases&rank=21&auth=vV1wwfZRUuQam3thGFd26g

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