World leaders pledge billions to fight AIDS, TB, and malaria

by | Sep 21, 2022 | World

The Global Fund to Fight AIDS, Tuberculosis and Malaria has secured $14.25bn in crucial new funding, after decades of progress against the diseases was derailed by the COVID-19 pandemic.United States President Joe Biden, who hosted the conference in New York City on the sidelines of the annual high-level meeting of the United Nations General Assembly (UNGA), said the funding — the highest amount ever pledged for a multilateral health organisation — is crucial to combating the diseases.
“This is an investment that will save another 20 million lives, reduce mortality from these diseases another 64 percent in the next four years,” said Biden.
The fund, a public/private alliance set up in 2002, is seeking $18bn for its next three-year funding cycle from governments, civil society and the private sector. Before Wednesday’s conference, it had already raised more than a third of the total.
“What’s happened today is actually an unparalleled mobilisation of resources for global health,” said Global Fund Executive Director Peter Sands.
“Thank you all for stepping up, especially in a challenging global economic environment, and I ask you, keep it going,” urged Biden.
The Global Fund said the $14.25bn figure was likely to increase as more donations come in. The United Kingdom and Italy have said they will announce their commitments at a later …

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