The MVP operates well within the budget envelope of official development assistance (ODA) pledged by world leaders at the G8 Gleneagles Summit and UN World Summit of 2005. The commitment to double aid to sub-Saharan Africa by 2010, en route to larger increases by 2015, works out to approximately $90 per African per year. The MVP operates within the donor budget envelope of $60 per person per year, with another $60 provided by local government, communities, and external partners. In the second phase of operations, local investments will continue to scale up while financial support from the MVP tapers down. (For further detail, see pages 12 and 25 of The Next Five Years report.)
We believe that ending extreme poverty requires practical and affordable solutions that simultaneously address interconnected challenges in health and nutrition, agriculture and environment, gender equality, business development, education, and infrastructure. We are demonstrating that success is possible through innovative, holistic programs such as the Millennium Villages project and School-2-School program, and by building a dynamic alliance that empowers everyone to be part of the solution. Together, we can fulfill our generation’s promise to end extreme poverty.