Gates Foundation Commits Additional $200 Million to Global Fund

Gates Foundation Commits Additional $200 Million to Global Fund

The has announced new commitments from public- and private-sector donors, including an additional pledge of up to $200 million from the .

Announced during the Global Fund's Fourth Voluntary Replenishment Conference, the pledge from the Gates Foundation, which will be used to match other donor commitments, brings the foundation's support for the fund to $500 million for the 2014-16 period, including $300 million in previously announced commitments. , which was created specifically to help provide a sustainable flow of funds from the private sector to fight AIDS, pledged $40 million over the next two years. In addition, the and , which together have contributed nearly $10 million for Global Fund-supported malaria programs, are hoping to provide another $20 million over the next three years.

Other private-sector donors announcing commitments at the conference include , which pledged an additional $5 million to target the prevention of mother-to-child transmission of HIV in Nigeria. The multinational oil company’s pledge raises its support for fund-sponsored programs to $60 million over eight years, making it the Global Fund's single largest corporate donor. In addition, pledged $10 million to help support malaria efforts in Mozambique, while Vale, and the , and each pledged $3 million.

"The private sector plays an important part in the Global Fund’s progress against HIV, TB, and malaria," said Gates Foundation co-chair Bill Gates. "The private sector is not only an important funder but contributes knowledge and tools that help enhance the Global Fund's impact."

Commitments from donor governments announced at the conference included a $555 million pledge from Canada, representing a more than 20 percent increase over its previous replenishment conference commitment in 2010, while Japan pledged $800 million. The White House previously announced that it would pledge $1 for every $2 committed by others through September 2014 and will seek support from Congress for one-third of the total pledged amount to the fund, up to $5 billion.

Mark Dybul, executive director of the Global Fund, said he was confident that commitments announced during the conference would significantly exceed the $9.2 billion pledged for the previous three-year period. "Our gathering here today recognizes the historic opportunity we have to defeat AIDS, TB, and malaria," said Dybul. "We all have to work together to get there, and our replenishment is harnessing our collective determination when it matters most." 

(Photo: RED president and CEO Deborah Dugan and Gates Foundation co-chair Bill Gates at the Fourth Replenishment Conference. Credit: The Global Fund to Fight AIDS, Tuberculosis and Malaria.)

"." Global Fund to Fight AIDS, Tuberculosis and Malaria Press Release 12/03/2013. "." Global Fund to Fight AIDS, Tuberculosis and Malaria Press Release 12/02/2013.