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Global Leaders Commit Billions To The Fight Against TB, malaria, and AIDS

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Global Leaders

Global Leaders

The COVID-19 pandemic halted decades of progress against the diseases, but the Global Fund to Fight AIDS, Tuberculosis, and Malaria has already won $14.25 billion in essential fresh financing. The financing, the largest sum ever promised for a multilateral health organization, is essential to battling the diseases, according to US President Joe Biden, who convened the conference in New York City on the margins of the annual high-level UNGA gathering. According to Biden, “this investment will save another 20 million lives and cut mortality from these diseases by another 64% over the following four years.”

 The fund, a 2002 public-private partnership, is looking for $18 billion from governments, civic society, and the corporate sector for its upcoming three-year funding cycle. It had already raised more than a third of the total before the conference on Wednesday. According to Peter Sands, executive director of the Global Fund, “what’s happened today is actually an unparalleled mobilization of money for global health.” Keep it up, Biden pleaded, saying “thank you all for stepping up, especially in a difficult global economic situation.” The $14.25 billion sum, according to the Global Fund, is probably going to rise as additional donations come in. Italy and the United Kingdom have stated they will make their promises later.

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