New $1B global fund targets child nutrition

April 16, 2015 8:21 PM

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WASHINGTON — Private investors from UBS and the Children's Investment Fund Foundation have teamed with UNICEF and other international development agencies to bankroll a $1 billion independent fund to tackle problems with childhood and maternal nutrition in some of the world's poorest countries.

The fund, called The Power of Nutrition, will leverage $55 million from the Children's Investment Fund Foundation (CIFF), Britain's Department for International Development and $26 million from the UBS Optimus Foundation with matching funds from UNICEF and the World Bank Group. The fund's matching o...

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