Global Fund receives powerful aid with funding target of $18 billion

NEW YORK — The Global Fund to Fight AIDS, Tuberculosis and Malaria will this week receive massive assistance to meet its $18 billion goal to fund another three years to slow the spread of these diseases.

President Joe Biden will host the seventh replenishment conference of the Global Fund, the public health partnership’s fundraising campaign, on Wednesday in New York. The start was delayed for two days so that Biden, who has pledged $6 billion in US government support for the fund, could attend Queen Elizabeth II’s funeral.

The Global Fund and the Clinton Global Initiative, which is hosting its first gathering of political, business and philanthropic leaders since 2016 in New York this week, also announced a new long-term partnership to engage donors of all kinds to support the Global Fund. . work.

Global Fund executive director Peter Sands told The Associated Press that fundraising through the replenishment conference is “always a bit of a rollercoaster”. However, he hopes the fund will achieve its goal by the end of the conference, although he acknowledges that donors, especially governments, are facing financial decisions complicated by the COVID-19 pandemic and war. in Ukraine.

“Yeah, there are a lot of other demands and governments are facing a lot of domestic political pressures around the cost of living, energy and all that kind of stuff,” Sands said. “But I think it is also recognized that, as difficult as things may be in some of the wealthy countries of the world, how these things translate to the poorest and most marginalized communities is a matter of life and death. .”

He is encouraged by the fact that Japan and Germany are pledging to increase their donations to the Global Fund by 30%, as well as by the increased participation of the United States.

If the Global Fund reaches its $18 billion goal, it hopes to use the donations to save 20 million lives and avert more than 450 million new infections of AIDS, tuberculosis and malaria.

Since its inception in 2002, the Global Fund has saved 50 million lives and more than halved the combined death rate from HIV, TB and malaria in countries where the Global Fund invests. This track record helps to attract more investment.

“In a world where there are so many demands, so many potential things you could invest money in, there’s a sudden attraction to investing money in things at work,” Sands said.

Clinton Foundation Vice President Chelsea Clinton said the foundation has worked with the Global Fund for nearly two decades to fight HIV, TB and malaria, as well as build sustainable health systems in communities. countries served by the fund.

“CGI is always, by definition, about bringing partners together to not only tackle big problems together, but also to define those challenges and prioritize what’s most important in those challenges to succeed first,” said CGI. said Clinton. “This philosophy is so fundamental to what has enabled the Global Fund to exceed the lofty hopes and goals of its founders.”

In addition to public commitments from governments, the Global Fund also receives significant support from the private sector, including philanthropy. The Bill and Melinda Gates Foundation has already donated $2.75 billion to the fund and plans to announce a new donation later this week.

“The Global Fund will go down in history as one of mankind’s greatest achievements,” Bill Gates said in a statement. “It’s also one of the kindest things people have ever done for each other. It’s an investment for our global health dollars.

The Global Fund has changed its funding procedures to attract more donations from philanthropy, Sands said. Governments are not allowed to target their donations to specific projects or countries. However, philanthropic donations can be.

“It allows them, in a sense, to focus on particular things that are a priority for them, whether it’s particular geographies or particular areas of our work,” Sands said.

Given all the health challenges the world is currently facing, the Global Fund is seeking all sources.

“We need all that energy,” Sands said. “The world is not exactly in a good place right now. When you look at the different simultaneous crises, we need to unleash a lot more ideas, initiatives, actions. And it’s going to happen.


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