The Global Fund has announced a US$14 billion fundraising target, equivalent to around €12.2 billion, over the next 3 years to help step up the fight against AIDS, tuberculosis (TB) and malaria.
First established in 2002, the Global Fund is a partnership between governments, civil society, the private sector and those affected by AIDS, TB and malaria.
Despite commitments by the global community to end the epidemics of HIV, TB and malaria by 2030, the organisation has warned that new threats such as shortfalls in funding as well as increasing insecticide and drug resistance have 'slowed progress and enabled the diseases to gain ground'.
Last week, the Global Fund launched a summary of its Sixth Replenishment Investment Case that sets out what the partnership can achieve if it is fully funded, the new threats faced during global health progress and the risks if action is not taken to end the epidemics. It says if it meets its target of US$14 billion, the funding could help save 16 million lives, half the mortality rate from HIV, TB and malaria, and build stronger health systems by 2023.