Global fund nets record haul of $14B to eliminate HIV, TB and malaria

The global fund that was established to fight some of the world’s deadliest diseases — HIV, TB, and Malaria — yesterday raised a record $14.25 billion from donor countries, NGOs, and private companies.

While the total still fell short of the Global Fund’s target of raising $18 billion, this is the largest amount raised since the organization was set up in 2002, said the Global Fund, adding that the donations could help save 20 million lives and avert 450 million new infections.

President Joe Biden, who hosted the Fund’s 7th replenishment yesterday on the sidelines of a UN meeting in New York, pledged the highest amount, $6 billion, and $1 billion for every $2 billion committed by the rest of the world, which amounts to 30% more than the US pledged in the previous replenishment in 2019.

“It’s an investment that will save another 20 million lives, reduce mortality from…
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