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Donor meeting raises nearly US$10 billion for Global Fund against AIDS, TB, malaria

Donor meeting raises nearly US$10 billion for Global Fund against AIDS, TB, malaria

Donors pledged nearly US$10 billion (euro7 billion) to the Global Fund to Fight AIDS, Tuberculosis and Malaria on Thursday _ beating predictions, but still less than the fund says it needs over the next three years.
The conference chairman, former U.N. Secretary-General Kofi Annan, said he expected the figure of US$9.73 billion (euro6.89 billion) _ pledged by governments and private donors _ to rise significantly because some countries made pledges for one or two years and could add more later.
"Some countries cannot pledge or cannot pledge fully," Annan said at a news conference following the one-day meeting in Berlin. "So I expect this 10 million dollars to go up considerably."
He said the fight against the diseases required effort and contributions by all.
"We have an enormous challenge and this requires enormous social mobilization by everybody," he said.
A mid-term conference will be held in 2009, halfway through the three-year period for which the fund is seeking pledges.
Before the meeting, the Global Fund said it expected initial commitments of between US$7 billion and US$8 billion (euro5 billion and euro5.7 billion) to finance the fight against the three diseases between 2008 and 2010.
It has estimated that it needs funding totaling between US$12 billion and US$18 billion (euro8.5 billion and euro12.7 billion) over that period.
According to Annan, the Bill and Melinda Gates Foundation pledged US$300 million (euro212 million), while France pledged US$1.7 billion (euro1.2 billion) and Germany US$849 million (euro600 million).
Other contributions came from Russia, which pledged US$217 million (euro154 million), the Netherlands US$325 million (euro230 million), Norway US$240 million (euro170 million), Italy US$551 million (euro390 million), China US$6 million (euro4.2 million) and India US$7 million (euro5 million).
Annan said that the United States and Canada have yet to pledge, but that it is estimated they will eventually contribute US$2.17 billion (euro1.5 billion) and US$375 million (euro265 million) respectively.
The Global Fund said before the donor meeting that its success would determine whether the world community has "any realistic chance of meeting the targets it has set to reduce the impact of these diseases."
It noted that leaders of the Group of Eight _ currently chaired by Germany _ have committed themselves to get as close as possible to universal access to AIDS prevention and treatment by 2010, while the United Nations hopes to halve the numbers of people infected with TB and killed by malaria by 2015.
The Global Fund was an initiative conceived by the world's richest governments at the 2001 G-8 summit in Genoa, Italy, where they pledged to step up funding to fight HIV/AIDS and other global epidemics.
The fund, a public-private partnership, says it currently provides 20 percent of international financing for programs against AIDS and two-thirds of financing for programs against tuberculosis and malaria.


Updated : 2021-10-20 02:14 GMT+08:00