According to Reuters, the Global Citizen Impact Funds aim to help poorer countries that struggle with the United Nations 2030 Sustainable Development goals, some of which are the fight against climate change and providing access to clean water.

According to Mick Sheldrick, Global Citizen's Chief Policy Officer, the poorest countries in the world need 400 million dollars annually in external financing in order to be able to achieve these sustainability goals, but they get only a fraction of that.

To help with regards to that, Global Citizens said that its funds, which are created in collaboration with partner NPX, should bring together multiple investors using a financial model that would be quickly scalable.

The non-profit aims to start raising money over the next six to nine months, and expects each fund to get at least 25 million dollars, although most selected NGOs should be able to secure up to one billion dollars.

Mick Sheldrick said that "we really think it has the potential to be a groundbreaking outcomes-fund vehicle that could transform philanthropy. Our hope would be that it could, over time, lead to an upsurge in the amount of philanthropic capital that is available for SDG-related programmes."

One of the NGOs selected to participate is One Acre Fund, which supports small African farmers with regards to climate action, such as planting and protecting more trees.

The goal of One Acre Fund is to make sure that 44 million trees survive over the next four years, which should be able to capture as much as 7.4 billion tons of carbon.

If their plan goes well, it could scale to over one billion trees over the next decade.

Some of the other funds will be focused on detecting and treating malaria, improving literacy and numeracy for children in crisis settings and provide access to clean water.