The Global Fund to Fight AIDS, Tuberculosis and Malaria has raised $14.25 billion in significant new funding, following Decades of progress against diseases have been derailed by the COVID-19 pandemic.
US President Joe Biden, who hosted the conference in New York City on the sidelines of the annual high-level meeting of the United Nations General Assembly (UNGA), said the funding – the highest amount ever committed for a multilateral health organization – is crucial to fighting disease.
“This is an investment that will save another 20 million lives, reducing mortality from these diseases by 64% over the next four years,” Biden said.
The Foundation, a public/private alliance formed in 2002, is seeking $18 billion for the next three-year funding cycle from governments, civil society and the private sector. Before Wednesday’s conference, it had raised more than a third of the total.
Global Fund Executive Director Peter Sands said: “What happened today is truly an unparalleled mobilization of resources for global health.
“Thank you all for your push, especially in this challenging global economic environment, and I ask you to continue to grow,” Biden urged.
The Global Fund says the $14.25 billion figure is likely to grow as more donations are made. The UK and Italy said they would announce their commitments at a later date.
“For the government and the people of Malawi, this is not a conference but a lifesaver,” Lazarus Chakwera, the president of Malawi, said earlier in the day after pledging $1 million.
According to UNAIDS, there are 990,000 adults and children in Malawi living with HIV by 2021, and USAID says TB is a “major public health problem in Malawi”.
Of the donors, the US has committed the most with $6 billion.
France, Germany, Japan, Canada, the European Union and Gates Foundation also announced sizable commitments.
“We can cure tuberculosis. We can prevent malaria. We can fight these terrible diseases. We will end AIDS, we will end tuberculosis, we will end malaria – once and for all,” said European Commission head Ursula von der Leyen after announcing the clause. The block’s latest donation.
‘Some are counting coins’
The fund raised a then-record $14 billion at its last donors conference in 2019, chaired by French President Emmanuel Macron.
In the United Kingdom, there has been some criticism of the government’s decision to delay the announcement.
In a Twitter post, shadow foreign secretary David Lammy said it would “slow down the fight against AIDS, tuberculosis and malaria and hurt the UK’s national interest”.
Camille Spire, president of the French non-profit organization AIDES, told AFP news agency that even if Britain and Italy make commitments, the total may still fall short of the planned target.
“While some are counting their coins, some are counting the dead,” she said, adding that she was “angry” and the results would mean fewer screening campaigns than expected, less more treatments, less funding for community health centers, and less strengthening of the health system.
The Foundation estimates that it could reduce the number of deaths from AIDS, tuberculosis, and malaria increased by 50% in the past 20 years, saving more than 50 million lives.
The Global Fund provides 30% of international funding for HIV programmes, 76% for tuberculosis and 63% for malaria.
Under US law, the country cannot provide more than a third of the funding for the Global Fund – a limit designed to be seen as a challenge for other countries to double down on US commitments. Ky.