Prince Talal International Prize for Human Development
The idea of the prize is stemmed from the Arab Gulf Program for Development (AGFUND) approach to enhance development performance and support key development projects in order to achieve the goal of sustainability and investment in people to eradicate poverty, social exclusion, socio-economic marginalization, lack of proper education and health.
Prize Objectives
Prince Talal International Prize for Human Development aims to:
- 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.
Amount and Categories
Prince Talal International Prize for Human Development carries cash amount of US$ 1,000,000, certificates of recognition and trophies. The prize amount is allocated for the winners of the Prize in its four categories as follows;
- 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)-Specified for projects initiated, funded and/or implemented by individuals.