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

EUR -
AED 4.15662
AFN 80.915794
ALL 97.779523
AMD 440.739925
ANG 2.039597
AOA 1035.477232
ARS 1360.267458
AUD 1.749914
AWG 2.039834
AZN 1.864881
BAM 1.949117
BBD 2.282772
BDT 137.368965
BGN 1.953828
BHD 0.426538
BIF 3315.791738
BMD 1.13167
BND 1.457203
BOB 7.829154
BRL 6.438185
BSD 1.130623
BTN 95.371972
BWP 15.351361
BYN 3.700013
BYR 22180.722889
BZD 2.271013
CAD 1.56425
CDF 3251.28661
CHF 0.931407
CLF 0.027715
CLP 1063.535883
CNY 8.228652
CNH 8.150063
COP 4863.972245
CRC 571.839179
CUC 1.13167
CUP 29.989243
CVE 110.846498
CZK 24.927354
DJF 201.12014
DKK 7.463479
DOP 66.48568
DZD 149.871831
EGP 57.342145
ERN 16.975043
ETB 148.283674
FJD 2.554061
FKP 0.852483
GBP 0.851462
GEL 3.100564
GGP 0.852483
GHS 15.560332
GIP 0.852483
GMD 80.853118
GNF 9795.209305
GTQ 8.707143
GYD 236.538914
HKD 8.770524
HNL 29.254098
HRK 7.53804
HTG 147.713494
HUF 403.632274
IDR 18593.78313
ILS 4.093817
IMP 0.852483
INR 95.308699
IQD 1482.487091
IRR 47657.432839
ISK 146.879518
JEP 0.852483
JMD 179.325099
JOD 0.802696
JPY 162.656564
KES 146.132465
KGS 98.964721
KHR 4533.454903
KMF 491.71018
KPW 1018.502582
KRW 1556.452668
KWD 0.346992
KYD 0.942169
KZT 584.80472
LAK 24455.143959
LBP 101302.735603
LKR 338.67868
LRD 226.124625
LSL 20.862349
LTL 3.341526
LVL 0.684536
LYD 6.172834
MAD 10.430534
MDL 19.46924
MGA 5041.588319
MKD 61.549116
MMK 2376.013298
MNT 4043.44419
MOP 9.025552
MRU 44.876325
MUR 51.38952
MVR 17.429089
MWK 1965.71042
MXN 22.281532
MYR 4.754543
MZN 72.370195
NAD 20.862375
NGN 1818.084242
NIO 41.60048
NOK 11.765948
NPR 152.594757
NZD 1.896261
OMR 0.435666
PAB 1.130623
PEN 4.14474
PGK 4.596824
PHP 62.785442
PKR 318.168896
PLN 4.269619
PYG 9037.012324
QAR 4.12036
RON 4.979459
RSD 117.357172
RUB 91.095022
RWF 1605.83907
SAR 4.244354
SBD 9.470204
SCR 16.086699
SDG 679.571603
SEK 10.943295
SGD 1.459061
SHP 0.889315
SLE 25.745187
SLL 23730.525941
SOS 646.765219
SRD 41.701696
STD 23423.274546
SVC 9.893077
SYP 14713.81642
SZL 20.86234
THB 37.242871
TJS 11.758381
TMT 3.960843
TND 3.39274
TOP 2.650484
TRY 43.653015
TTD 7.679667
TWD 33.016796
TZS 3039.66439
UAH 47.011499
UGX 4134.821806
USD 1.13167
UYU 47.447304
UZS 14643.803427
VES 100.278969
VND 29375.311958
VUV 137.036611
WST 3.144371
XAF 653.715427
XAG 0.034835
XAU 0.000339
XCD 3.058394
XDR 0.81668
XOF 651.842054
XPF 119.331742
YER 276.750061
ZAR 20.689754
ZMK 10186.386925
ZMW 31.176098
ZWL 364.397129
  • RBGPF

    4.2100

    67.21

    +6.26%

  • CMSC

    -0.0800

    22.02

    -0.36%

  • RYCEF

    0.0700

    10.42

    +0.67%

  • SCS

    -0.1700

    9.97

    -1.71%

  • NGG

    0.1600

    71.84

    +0.22%

  • BCC

    -3.6800

    92.47

    -3.98%

  • BCE

    -0.0600

    21.39

    -0.28%

  • RELX

    0.0200

    55.04

    +0.04%

  • CMSD

    -0.0600

    22.26

    -0.27%

  • JRI

    -0.0200

    13.05

    -0.15%

  • VOD

    -0.0100

    9.6

    -0.1%

  • RIO

    -0.1300

    59.57

    -0.22%

  • AZN

    -0.3500

    72.09

    -0.49%

  • GSK

    -0.2200

    38.85

    -0.57%

  • BTI

    0.5800

    43.75

    +1.33%

  • BP

    1.0600

    29.18

    +3.63%

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