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

EUR -
AED 4.236516
AFN 72.660513
ALL 96.076566
AMD 435.018833
ANG 2.064579
AOA 1057.614991
ARS 1608.357353
AUD 1.634275
AWG 2.0789
AZN 1.960958
BAM 1.965724
BBD 2.323923
BDT 141.578444
BGN 1.971419
BHD 0.435654
BIF 3425.427746
BMD 1.153343
BND 1.480344
BOB 7.973635
BRL 6.046286
BSD 1.153845
BTN 107.498905
BWP 15.745241
BYN 3.567914
BYR 22605.516438
BZD 2.320626
CAD 1.582305
CDF 2618.087925
CHF 0.912098
CLF 0.026705
CLP 1054.443846
CNY 7.926982
CNH 7.953001
COP 4272.661742
CRC 539.855899
CUC 1.153343
CUP 30.563581
CVE 111.932173
CZK 24.471391
DJF 205.468201
DKK 7.470858
DOP 67.98988
DZD 152.246963
EGP 60.250043
ERN 17.30014
ETB 181.07503
FJD 2.572242
FKP 0.865783
GBP 0.861697
GEL 3.13133
GGP 0.865783
GHS 12.577179
GIP 0.865783
GMD 85.347878
GNF 10126.348898
GTQ 8.826446
GYD 241.401278
HKD 9.033972
HNL 30.644463
HRK 7.545511
HTG 151.350658
HUF 391.100229
IDR 19545.69832
ILS 3.600041
IMP 0.865783
INR 107.460742
IQD 1510.878905
IRR 1516645.617921
ISK 143.78754
JEP 0.865783
JMD 181.269643
JOD 0.817726
JPY 182.486467
KES 149.415527
KGS 100.857395
KHR 4624.904034
KMF 493.630678
KPW 1037.994543
KRW 1723.751138
KWD 0.353557
KYD 0.961601
KZT 554.897876
LAK 24739.200343
LBP 103281.837076
LKR 359.666052
LRD 211.465763
LSL 19.399179
LTL 3.405521
LVL 0.697646
LYD 7.358471
MAD 10.811145
MDL 20.221051
MGA 4809.439469
MKD 61.751423
MMK 2421.719114
MNT 4135.704941
MOP 9.309885
MRU 46.271835
MUR 53.6416
MVR 17.831118
MWK 2002.202766
MXN 20.548703
MYR 4.543598
MZN 73.698163
NAD 19.399519
NGN 1564.51317
NIO 42.351136
NOK 10.965238
NPR 171.992801
NZD 1.972192
OMR 0.443447
PAB 1.153885
PEN 3.953085
PGK 4.962545
PHP 69.163653
PKR 322.090373
PLN 4.270978
PYG 7497.624391
QAR 4.202794
RON 5.103658
RSD 117.405646
RUB 99.211165
RWF 1682.726963
SAR 4.330321
SBD 9.278918
SCR 16.396484
SDG 693.159201
SEK 10.762706
SGD 1.476025
SHP 0.865306
SLE 28.429804
SLL 24185.031717
SOS 659.140589
SRD 43.106152
STD 23871.864791
STN 24.796868
SVC 10.096278
SYP 127.477541
SZL 19.399309
THB 37.77255
TJS 11.048348
TMT 4.036699
TND 3.364881
TOP 2.776972
TRY 51.114069
TTD 7.820857
TWD 36.70632
TZS 2995.810114
UAH 50.740886
UGX 4361.206714
USD 1.153343
UYU 46.737373
UZS 14041.947004
VES 520.091621
VND 30321.378937
VUV 137.718825
WST 3.151186
XAF 659.31989
XAG 0.016348
XAU 0.00025
XCD 3.116966
XCG 2.079516
XDR 0.819979
XOF 653.366781
XPF 119.331742
YER 275.15868
ZAR 19.430709
ZMK 10381.470639
ZMW 22.587207
ZWL 371.375871
  • RBGPF

    -13.5000

    69

    -19.57%

  • RYCEF

    -0.5900

    16.01

    -3.69%

  • BCC

    -2.4900

    69.35

    -3.59%

  • NGG

    -2.0750

    85.325

    -2.43%

  • CMSD

    0.0600

    22.95

    +0.26%

  • GSK

    0.1000

    52.16

    +0.19%

  • RIO

    -3.0500

    84.67

    -3.6%

  • CMSC

    0.0000

    22.83

    -0%

  • BCE

    -0.1000

    25.65

    -0.39%

  • VOD

    -0.0350

    14.335

    -0.24%

  • BTI

    0.3710

    58.461

    +0.63%

  • JRI

    -0.1530

    12.17

    -1.26%

  • RELX

    -0.1900

    33.67

    -0.56%

  • BP

    1.5550

    46.165

    +3.37%

  • AZN

    -0.1730

    188.247

    -0.09%

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.

S.Al-Balushi--DT