World Bank President Jim Yong Kim announced on Monday that 700 million dollars would be invested on women and children's health in developing countries as part of their Millennium Development Goals (MDGs).
International Development Association (IDA) will provide the main funding.
Kim said, "We need to inject greater urgency into our collective efforts to save more women and children's lives, and evidence shows that results-based financing has significant impact".
"The World Bank Group is committed to using evidence-based approaches to help ensure that every woman and every child can get the affordable, quality health care necessary to survive and live a healthy, productive life," he added.
The announcement follows Kim's last year's commitment to help boost funding for the MDGs as part of the UN secretary general's Every Woman Every Child global partnership.
Reducing child mortality and improving maternal health by 2015 are two of the Millennium Development Goals, a blueprint agreed to by all the world's countries and leading development institutions.
(with inputs from IANS)
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