The Prague Post - Global Fund raises $14.25 billion to end HIV, TB and malaria

EUR -
AED 4.306924
AFN 77.800612
ALL 96.290273
AMD 447.455848
ANG 2.099694
AOA 1075.411417
ARS 1700.779101
AUD 1.772061
AWG 2.110949
AZN 1.988177
BAM 1.952553
BBD 2.365276
BDT 143.51133
BGN 1.955558
BHD 0.44213
BIF 3482.009164
BMD 1.17275
BND 1.514082
BOB 8.114505
BRL 6.462082
BSD 1.174352
BTN 106.720516
BWP 15.510205
BYN 3.441491
BYR 22985.892779
BZD 2.361882
CAD 1.615644
CDF 2638.686581
CHF 0.934332
CLF 0.027329
CLP 1072.104138
CNY 8.258444
CNH 8.255383
COP 4504.50788
CRC 586.025397
CUC 1.17275
CUP 31.077865
CVE 110.081926
CZK 24.301712
DJF 209.123105
DKK 7.471107
DOP 75.454514
DZD 151.827002
EGP 55.592317
ERN 17.591244
ETB 182.304714
FJD 2.673278
FKP 0.876507
GBP 0.876073
GEL 3.160551
GGP 0.876507
GHS 13.505539
GIP 0.876507
GMD 86.199295
GNF 10212.016669
GTQ 8.993044
GYD 245.691397
HKD 9.122608
HNL 30.940544
HRK 7.53222
HTG 153.794229
HUF 385.778924
IDR 19582.573348
ILS 3.789201
IMP 0.876507
INR 105.893078
IQD 1538.448008
IRR 49399.146865
ISK 147.995144
JEP 0.876507
JMD 188.486533
JOD 0.831511
JPY 181.991394
KES 151.226201
KGS 102.55723
KHR 4702.179931
KMF 492.554939
KPW 1055.474962
KRW 1735.464253
KWD 0.359705
KYD 0.978677
KZT 605.335863
LAK 25442.795245
LBP 105164.352354
LKR 363.536961
LRD 207.864306
LSL 19.721186
LTL 3.462825
LVL 0.709385
LYD 6.362446
MAD 10.746727
MDL 19.776195
MGA 5305.177102
MKD 61.535274
MMK 2462.499847
MNT 4159.55763
MOP 9.41009
MRU 46.575541
MUR 54.005329
MVR 18.072469
MWK 2036.313462
MXN 21.065457
MYR 4.791838
MZN 74.950137
NAD 19.721186
NGN 1704.791285
NIO 43.218125
NOK 11.959003
NPR 170.753025
NZD 2.030505
OMR 0.450919
PAB 1.174347
PEN 3.955921
PGK 4.992697
PHP 68.680904
PKR 329.11566
PLN 4.216211
PYG 7887.915449
QAR 4.281779
RON 5.091849
RSD 117.371155
RUB 92.705885
RWF 1709.856384
SAR 4.398673
SBD 9.573626
SCR 16.573783
SDG 705.411284
SEK 10.921847
SGD 1.515386
SHP 0.879866
SLE 27.90959
SLL 24591.977696
SOS 671.183772
SRD 45.359637
STD 24273.549601
STN 24.459322
SVC 10.275954
SYP 12968.817782
SZL 19.704314
THB 36.88356
TJS 10.792352
TMT 4.116351
TND 3.429397
TOP 2.8237
TRY 50.099067
TTD 7.966785
TWD 37.020192
TZS 2899.859147
UAH 49.525635
UGX 4181.046614
USD 1.17275
UYU 45.943592
UZS 14239.318971
VES 320.446921
VND 30897.848168
VUV 142.444302
WST 3.259438
XAF 654.867907
XAG 0.017685
XAU 0.00027
XCD 3.169414
XCG 2.116489
XDR 0.814446
XOF 654.870694
XPF 119.331742
YER 279.524973
ZAR 19.649713
ZMK 10556.150373
ZMW 26.981243
ZWL 377.624903
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSD

    0.0150

    23.38

    +0.06%

  • RBGPF

    0.4100

    82.01

    +0.5%

  • NGG

    -0.2600

    75.77

    -0.34%

  • CMSC

    0.0400

    23.34

    +0.17%

  • GSK

    -0.4600

    48.78

    -0.94%

  • RELX

    -0.2600

    40.82

    -0.64%

  • BCC

    0.5100

    75.84

    +0.67%

  • BCE

    -0.2800

    23.33

    -1.2%

  • RIO

    0.1700

    75.99

    +0.22%

  • BTI

    -0.4500

    57.29

    -0.79%

  • JRI

    -0.0500

    13.51

    -0.37%

  • VOD

    0.0000

    12.7

    0%

  • RYCEF

    -0.3100

    14.64

    -2.12%

  • AZN

    -0.2100

    91.35

    -0.23%

  • BP

    -1.4900

    33.76

    -4.41%

Global Fund raises $14.25 billion to end HIV, TB and malaria
Global Fund raises $14.25 billion to end HIV, TB and malaria / Photo: Ludovic MARIN - AFP

Global Fund raises $14.25 billion to end HIV, TB and malaria

The Global Fund to Fight AIDS, Tuberculosis and Malaria raised $14.25 billion Wednesday at a donor conference led by US President Joe Biden, as decades of progress against the diseases are set back by Covid.

Text size:

It was the highest amount ever pledged for a multilateral health organization -- but fell short of the ambitious goal of $18 billion after the United Kingdom and Italy said their pledges would come later.

The Global Fund was created in 2002, bringing together governments, multilateral agencies, civil society groups and the private sector. Funding cycles last three years.

"What's happened today is actually an unparalleled mobilization of resources for global health," said Global Fund executive director Peter Sands, adding he expected the two countries to make their pledges in due course.

"Thank you all for stepping up, especially in a challenging global economic environment, and I ask you, keep it going," urged Biden. "Let's finish this fight together."

Among countries, the United States pledged the highest amount, $6 billion, followed by France with 1.6 billion euros, 1.3 billion euros by Germany, $1.08 billion by Japan, Can$1.21 billion by Canada and 715 million Euros by the European Union.

The Gates Foundation pledged $912 million.

The $18 billion target was based on getting back on track to end AIDS, TB and malaria by 2030, recovering ground lost during the Covid pandemic and saving 20 million lives over the next three years.

It was 30 percent more than that raised during the organization's sixth and most recent replenishment, hosted by President Emmanuel Macron of France in 2019, which raised a then-record $14 billion.

World Health Organization head Tedros Adhanom Ghebreyesus highlighted how life expectancy in Japan was 84 years, while in Lesotho it was just 50.

"Much of that difference is due to the fact that HIV, TB and malaria still kill millions in the poorest communities of the poorest countries," he said.

"Thanks in large part to the Global Fund, these diseases kill half as many people now as they did 20 years ago. That's quite a progress. However, those gains are at risk."

The fund estimates it has reduced the death toll from AIDS, TB, and malaria by 50 percent, saving more than 50 million lives.

- Signs of recovery -

Last year the Global Fund warned that the pandemic was having a devastating impact on its work, leading to declining results across the board for the first time in the fund's history.

It said last week however that the massive resources it had pumped into countering the downturn had paid off and "recovery is underway" against all three diseases.

The number of people dying from TB 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-biggest infectious disease killer behind Covid.

But the Global Fund, which provides 76 percent of all international financing for fighting TB, said the programs had shown signs of recovery last year.

Similarly, the number of people provided with HIV prevention services rose again after dropping in 2020, reaching 12.5 million people worldwide, the organization said. The fund provides nearly a third of all international financing to battle HIV.

Interruptions in health services during the pandemic also extracted a heavy toll on the battle against malaria, sending deaths soaring 12 percent in 2020, to an estimated 627,000.

But the Global Fund said a rapid scale-up of programs had allowed them to bounce back, with some 280 million suspected cases tested and 148 million cases treated last year.

Per an act of Congress, the United States cannot provide more than one-third of funding for the Global Fund -- a limit that serves as a matching challenge to other nations to double the American pledge.

A.Stransky--TPP