SOLIDARITY LEVIES AIM TO SHARE THE BENEFITS OF
GLOBALISATION
This mechanism involves a surcharge on a major economic activity, enacted by a government and earmarked for a specific cause. For example, an air ticket levy has raised billions for UNITAID.
PROJECT
Endangered Species Technology & Innovation Fund (ESTIF)
PARTNERS: CITES, IFF
PROJECT: Investment fund for cutting-edge technologies, devices and services to track and trace CITES-regulated wildlife trade, from optical and sound recognition, lasers, DNA to enforcement IT.
PROJECT
Girls Education Bond
PARTNERS: Global Partnership for Education (GPE), OSF, IFF
PROJECT: Social impact bond prepared for the GPE backed by new and existing donors to raise capital for investments tied to benchmarks for girls education programs in several countries supported by the GPE.
PROJECT
Somersault Fund
PARTNERS: Somersault Studios India, IFF
PROJECT: Social corporate responsibility fund of Somersault Studios India to finance the education of children of artisans that are engaged as hands-on teachers in Somersault's India workshops for students and emerging designers.
PROJECT
COVID-19 Test Kits
PARTNERS: Test manufacturers, distributors, finance industry
PROJECT: Procurement project to scale-up COVID-19 test kits in resource-constrained settings through preferential prices and availability guarantees.
PROJECT
PARTNERS: UAE, United Nations, Rockefeller
Foundation, IFF
PROJECT: UN-hosted fund to promote an extractive industry solidarity levy in Africa and micro-donation campaigns for programs to fight chronic malnutrition via UNICEF and NGOs.
PROJECT
PARTNERS: Global Fund to Fight AIDS, Tuberculosis and Malaria
PROJECT: Program for donor and recipient countries to partner up on debt cancellation on the condition that the saved interest is donated to programs of the Global Fund.
PROJECT
Disaster Insurance Financing Facility (DIFF)
PARTNERS: United Nations, SwissRe, WTW, IFF
PROJECT: Innovative mechanism to cover annual premium payments for a parametric risk insurance to benefit the UN Central Emergency Response Fund (CERF) for its vital humanitarian mission following natural catastrophes.
PROJECT
BYAS Circular Economy Technology
PARTNERS: BYAS, IFF
PROJECT: Technology, R&D financing for high public value projects of BYAS, a speciality algal ingredients company supplying sustainable products for food, agriculture including cellular agriculture.
PROJECT
3WAYSTE Waste Management Technology
PARTNERS: 3WAYSTE, IFF
PROJECT: Technology commercialisation of patented environmental management technology that recovers and recycles more than 90% of municipal waste into green, sustainable products.
PROJECT
Green Eco-Arts Smart City by the Korle Lagoon
PARTNERS: Government of Ghana, Ga Chiefs, Intercontinental Consultants, IFF
PROJECT: Financing for the establishment of a sustainable model city in a currently badly damaged area of Accra, Ghana.
PROJECT
MENA Pharmaceutical
Industries
PARTNERS: Tunisia, Novo Nordisk Engineering, Ali Mheni Group, DM, IFF
PROJECT: Financing for the establishment of a GMP-certified pharmaceutical manufacturing facility in Tunisia to provide high-quality, generic medications for chronic diseases such as hypertension for the North African market.
