Canada announces new funding model to support women's equality globally

Canada's minister of gender equality has announced a new initiative aimed at transforming how women's rights organizations are supported in developing countries and at home.

Maryam Monsef says the federal government has invested $300 million for women in the developing world as part of the so-called Equality Fund.

She says it brings together 11 organizations from the philanthropic, non-profit and financial sectors, including the Canada-based Match International Women's Fund, the African Women's Development Fund and Oxfam Canada in hopes of creating a perpetual and sustainable mechanism for funding gender equality.

Monsef says Ottawa has also pledged to match donations for domestic programs of up to $10 million each for three groups, Community Foundations of Canada, the Canadian Women's Foundation and Grand Challenges Canada

Global Affairs says in a release $100 million has already been raised, on top of the federal government's contribution, with an aim to reach $1 billion over the next 15 years.