Britain to Give $1.6 Billion to Global Fund Over Next Three Years if $15 Billion Replenishment Goal Reached
September 24, 2013
"Britain has announced that it is giving one billion pounds, or $1.6 billion, to the Global Fund to Fight AIDS, Tuberculosis and Malaria over the next three years and hopes the money will lead to 'some incredible results,'" the Associated Press/Washington Post reports. "International Development Secretary Justine Greening made the announcement to loud applause Monday at a luncheon [in New York] sponsored by the United Nations Foundation focusing on U.N. anti-poverty and development goals," the news service writes (9/23). "The £1 billion investment will fund lifesaving antiretroviral therapy for 750,000 people living with HIV, 32 million more insecticide-treated nets to prevent the transmission of malaria and TB treatment for more than a million people," according to the Press Association/The Guardian (9/24). "The U.K.'s allocation to the Global Fund will save a life every three minutes for the next three years and will dramatically improve the lives of millions of people," a U.K. government press release states (9/23).
The Global Fund "said earlier this month it needs $15 billion over the next three years," Reuters notes, adding, "Britain's pledge, which is dependent on other donors dedicating enough to reach the $15 billion goal, is the second-largest by any government so far" (Kelland, 9/23). "The fund began a series of meetings with donors in April to kick off its fourth replenishment round, which is due to conclude with a pledging conference in December," The Guardian notes (Ford, 9/24). "The fresh assistance makes the U.K. the largest donor after the U.S., which is seeking congressional approval for $1.65 billion for [FY] 2014, and ahead of France, which has traditionally been the second largest supporter and may still increase its contribution," the Financial Times writes (Jack, 9/23). "The Global Fund is the world's biggest financer of programs to prevent, treat and care for people with HIV/AIDS, TB and malaria," The Independent notes, adding, "The U.K. was a founding donor, and committed £1 billion from 2008 to 2015, a grant which the new funding commitment renews" (Cooper, 9/23).
Global Fund Replenishment Necessary to Continue Advance Against Diseases, Says Malawi's President Banda
This article was provided by Henry J. Kaiser Family Foundation. It is a part of the publication Kaiser Daily Health Policy Report. Visit the Kaiser Family Foundation's website to find out more about their activities, publications and services.
Add Your Comment:
(Please note: Your name and comment will be public, and may even show up in
Internet search results. Be careful when providing personal information! Before
adding your comment, please read TheBody.com's Comment Policy.)