Global Fund conference “A historic moment, but more work to be done”
NEW YORK – Today, the Global Fund to Fight AIDS, Tuberculosis (TB) and Malaria secured US$14.25 billion in commitments from donors around the world at its Seventh Replenishment Conference. Although this is the largest amount ever raised by the Global Fund, it is short US$3.75 billion of its replenishment target. In response, the ONE Campaign, the anti-poverty and global health organization co-founded by Bono, put out the following statement.
“Today, we can celebrate the largest amount raised to support the Global Fund’s efforts. It’s an historic achievement on any day, but especially remarkable considering the multiple global crises in front of us – and the economic pressures facing people and governments everywhere,” said Gayle Smith, CEO of ONE. “We are especially grateful to those countries, including Germany, Japan, Canada, the European Commission, Republic of Korea, South Africa, France and the host of the conference, the United States, that increased their support by record levels so the Global Fund can continue its lifesaving work. But we must acknowledge there is a significant gap to be filled. It is especially important that the United Kingdom and Italy, which did not pledge today, meet the ambition of their G7 counterparts to support this effort.
“These additional funds are crucial. Filling the gap isn’t simply a matter of dollars and cents, but access to treatments, testing, and lives saved. Staying ahead of these three diseases will be a fight every day. The job is far from over, too many people remain at risk from preventable disease. We owe it to all those who have taken us this far, to all those who have died, and all those still at risk to finish the job.”
As host, the United States maintained its historic one-third contribution to the replenishment goal, with a $6 billion pledge included in President Biden’s proposed budget as well as draft appropriations bills in both the House of Representatives and the Senate.
“Twenty years of progress against three of the world’s most deadly diseases have cemented the Global Fund as one of the most effective global health programs and, with it, the legacy of United States leadership in the fight against AIDS, TB, and malaria,” said Suzanne Granville, Executive Director for North America at ONE. “We’re grateful for the steadfast support and bold pledge from the administration and Congress.”
- The Global Fund’s seventh replenishment set out a goal to raise at least $18 billion to save an additional 20 million lives over the next three years.
- Every $1 invested in the fight against AIDS, TB, and malaria yields $31 in health gains and economic returns.
- Analysis from ONE shows that every $1 billion contributed means 1.6 million more people accessing treatment for HIV over the next three years in countries where the Global Fund invests.
- Each $1 billion given could prevent 25 million more new infections or cases across the three diseases in countries where the Global Fund invests over 2024-2026.