US $13.92 billion raised for next 3 years to fight against AIDS, tuberculosis and malaria

Donors from across the world including governments, philanthropists and private firms have pledged just over $14 billion for the next three years to save 16 million lives and help end AIDS, tuberculosis and malaria by 2030. It was promised at the Sixth Replenishment Conference of Global Fund to fight against AIDS, tuberculosis and malaria (GFTAM) held in Lyon, France.

Key Donors

United States will provide $1.56 billion a year, maintaining more than 30% of all contributions. France has pledged to provide $1.29 billion. India also has announced contribution of $22 million, an increase of 10% over the earlier amount contributed in 5th cycle. Private donors also pledged more than $1 billion. The Bill & Melinda Gates Foundation has pledged to provide $760 million, (RED) has pledged US$150 million.

About Global Fund to fight against AIDS, tuberculosis and malaria

It was created in 2002 to raise, manage and invest the world’s money to respond to three of the deadliest infectious diseases the world has ever known viz. AIDS, TB and malaria. It aims to attract, leverage and invest additional resources to end epidemics of HIV/AIDS, tuberculosis and malaria to support attainment of Sustainable Development Goals (SDGs) established by the United Nations. Its secretariat are in Geneva, Switzerland.

Note: GFTAM is financing mechanism rather than implementing agency. It is also the world’s largest financier of AIDS, TB, and malaria prevention, treatment, and care programs.

Month: Current Affairs - October, 2019