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US increases commitment to Global Fund
The United States has increased their commitment to the Global Fund to Fight AIDS, Malaria and Tuberculosis (TB) to a potential US$5 billion. The announcement was made at the Global Fund’s Fourth Replenishment Conference this week, which saw the total amount pledged to the Global Fund equal $12 billion – the largest ever. The new commitment from the US follows on from previous recent commitments from the Nordic countries, France and the UK.
The Global Fund is an international financing organisation that funds programmes to combat HIV and AIDS, Malaria and TB in areas where they are most needed, through in-country government and civil society. The Global Fund estimates that $15 billion is needed for the 2014-2016 period, in order to sustain programming and meet demand. Both the US and the UK’s pledges are dependent on the rest of the world stepping up, and meeting the $15 billion needed by the Global Fund. Last September the UK pledged £1 billion (US$1.6 billion) to the fund, with the hope of galvanising other countries to do the same. In his speech at the conference, Obama stated that for every $1 pledged to the Global Fund, they would pledge $2 over the next three years, to the maximum value of $5 billion.
UNAIDS Executive Director Michel Sidibe congratulated the US and other countries on upping their commitment to the Global Fund, stating: “Solidarity, tolerance and results are the hallmarks of global leadership on AIDS.”
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