About the Prize
Prince Talal International Prize for Human Development, carries a financial reward of US$ 1,000,000, awarded annually by the Arab Gulf Programme for Development (AGFUND) with the aim of inciting and encouraging innovation and creativity in human development. The idea of the Prize is stemmed from AGFUND’s approach to enhance development performance and support key development projects in order to achieve the goal of sustainability and investment in people.
Idea of the Prize
In this sense, Prince Talal International Prize has become a leading mechanism to identify successful development projects, reward them and disseminate their innovative ideas to best contribute to the improvement of development work. It is also an innovative approach and a strategic instrument to exchange successful experiences to strengthen the mechanisms of development cooperation and project funding with special emphasis on the most prominent factors that militate against development and affect the vulnerable groups, particularly women and children in developing countries. These include poverty, social exclusion, socio-economic marginalization, education and health.
- Support the distinguished efforts aiming at the promotion and enhancement of human development concepts.
- Disseminate the successful project experiences.
- Highlight the best practices, which aim to improve the living conditions of the poor and disadvantaged with particular emphasis on women and children.
- Enhance the exchange of experiences and develop better mechanisms to find solutions to the problems of poverty, marginalization and socioeconomic exclusion of vulnerable groups.
In its meeting held in Geneva on 19 April 2017, the Prize Committee decided to align the Prize subjects with the Sustainable Development Goals 2030 as adopted by the International Community.
Amount and categories
First category prize (US$ 400,000)
Specified for projects implemented by UN agencies or international and regional NGOs.
Second category prize (US$ 300,000)
Specified for projects implemented by national NGOs.
Third category prize (US$ 200,000)
Specified for projects implemented by governmental bodies (ministries and public institutions) or social business enterprises.
Fourth category prize (US$ 100,000)
TheSpecified for projects initiated, funded and/or implemented by individuals.