The Global Fund to Fight AIDS, Tuberculosis and Malaria will hold a donor conference Wednesday, in New York, that aims to raise at least $18 billion during an event hosted by US President Joe Biden.
It is the highest “regeneration” target ever set by the organization, and comes amid mounting economic pressures – on both donor and recipient countries – in the wake of the Covid-19 pandemic and the food and energy crises caused by the conflict in Ukraine.
But a spokeswoman for Françoise Vanni said France Press agency It has been buoyed by recent pledges – including most recently 1.3 billion euros from Germany, which followed suit with $6 billion from the United States and $1.08 billion from Japan – which have brought the fund “almost halfway” to its goal.
“There is a lot at stake, and the $18 billion target is largely based on getting back on track to end AIDS, tuberculosis and malaria by 2030, reclaiming the land lost during the Covid pandemic and saving at least 20 million lives over the next three years,” she said.
“Everything is still up and running and no decision has yet been made…but we have very strong pledges already in the bag.”
The amount is 30% more than the amount raised during the organization’s sixth and final renewal, hosted by French President Emmanuel Macron in 2019, which raised $14 billion at the time.
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The Global Fund was created in 2002 and brings together governments, multilateral agencies, bilateral partners, civil society groups and the private sector to tackle the three killer diseases, with new funding cycles usually every three years.
Fannie said she hopes donors will look at the fund’s success record — it announced last week that it has helped save 50 million lives over the past 20 years.
Furthermore, “Countries all over the world are realizing that no one is safe until everyone is safe. We have said that during Covid-19, and we cannot lose this momentum.”
signs of healing
Last year, the Global Fund warned that the pandemic was having a “devastating” effect on its business, sending results back across the board for the first time in the fund’s history.
But, last week, she said, the massive resources it poured in to tackle the economic downturn had paid off and a “recovery is underway” against the three diseases.
For example, the number of people dying from tuberculosis rose for the first time in a decade in 2020, when it caused an estimated 1.5 million deaths, making it the world’s second-largest killer of infectious diseases after Covid.
But the Global Fund, which provides 76% of all international funding to fight tuberculosis, said the programs showed signs of recovery last year.
Similarly, the number of people reached with HIV prevention services rose again after declining in 2020, reaching 12.5 million people worldwide. The fund provides nearly a third of international funding to fight HIV.
According to a law passed by Congress, the United States can provide no more than a third of the funding for the Global Fund – a limit that presents a similar challenge for other countries to double American pledges.
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