The MOMs (Maternal Outcomes Matter) Initiative
Summary
A multi-sectoral collaboration to drive finance towards better maternal and child health in Sub-Saharan Africa and South Asia.
The Alliance is built on a memorandum of understanding (MOU) committing to improving maternal and child health in Sub-Saharan Africa. Each partner plays a distinct role: DFC will bring a strong understanding of blending public and private funding to sustain disruptive solutions; USAID will provide technical assistance and maternal and child health expertise; Merck for Mothers will drive investment toward promising interventions to improve maternal health; and Credit Suisse will provide financial structuring expertise.
Goal
Up to 50M USD in investment towards infrastructure, services and access to care to ensure healthy pregnancies, safe deliveries, and lay the foundation for lifelong good health
Call to Action
Deal pipeline and participation as co-investors
Lead Organisations
DFC
Key Partners
Merck for Mothers
Credit Suisse
USAID
Start Date
2019
Impact Regions
Sub-Saharan Africa and South Asia
“If we’re two, three years out and we get to 70 million, that’s great as well. We don’t have any intention of stopping at that number. It is more of a marker to challenge ourselves and make sure that we’re continuing to make progress.”
Milestones and Progress:
June 2019: Women Deliver
Initiative launched, criteria announced and MOU signed
January 2020
Announcement that the initiative will pursue LifeBank as its first investment - bringing lifesaving medical products to mothers in Africa
March 2020
EOI closes with 16 submissions.
May 2020
Five deals prioritised for 2020, with the goal of closing two by end of year. The next deal, COVID complications allowing, is likely to be Unjani in South Africa -Merck for Mothers will provide a grant to test out a blended financing model that will then shape the structure of potential financing from DFC in 2021.
Impact Measurement and Key Metrics
The goal is to have every project under the MOMs initiative score as highly developmental under DFC’s IQ assessment, and will look at the impact on the lives of women and the children as a result of the project.
image credit: Jordan Rowland, Unsplash