The governments of Sweden, Norway, Finland, Denmark and Iceland have announced a pledge of $750 million to The Global Fund to Fight AIDS, Tuberculosis and Malaria for the 2014-2016 period.
The three-year commitment was announced as the Global Fund prepares for its pledging conference, known as the Global Fund's Fourth Replenishment, planned for late 2013. Every three years, the Global Fund asks major donors to renew their commitments through pledges to fund Global Fund programs over the coming three years. The Global Fund has set a goal of $15 billion for the Fourth Replenishment, 40 percent more than the projected $10.5 billion in total donor contributions in 2010-2013.
An advocate for the private sector to dramatically increase its financial contributions to the Fund, GBCHealth held a special session on the replenishment at our annual conference in May and a webinar that featured the Fund’s executive director, Dr. Mark Dybul, and Dr. Brian Brink, Chief Medical Officer of Anglo American who, until recently, served as the Private Sector Delegation’s voting Board Member.
The pledge announced by the five Nordic countries represents a $150 million increase over their contributions during the previous three years. The announcement was issued jointly with the United States government, the largest single donor to the Global Fund, whose contributions are legally limited to no more than a third of total contributions. The joint statement highlighted that the $750 million pledge from Nordic countries would effectively unlock an additional $375 million in potential U.S. funding.
The Nordic countries’ pledge follows announcements earlier this year from other major donors to the Fund. In July, France announced a pledge of $1.4 billion for the upcoming replenishment. In January, Germany reaffirmed its support by pledging EUR 600 million for the 2014-2016 period. Switzerland also signaled its support by increasing its 2013 contribution over the initial pledge, from $7.5 million to $10.6 million.
GBCHealth Executive Director Michael Schreiber commended the announcement from Nordic partners. “The pledge by the governments of Sweden, Norway, Finland, Denmark and Iceland is a strong signal of support for the important work of the Global Fund as the world strives to defeat HIV, TB and malaria," he said. "We look forward to additional donors from the private and public sectors joining them by stepping up their commitments to the Global Fund at this critical time.”
Private sector companies can support the Global Fund in a variety of ways, by contributing financially to the replenishment through a single- or multi-year pledge, or by co-investing with the Global Fund to scale-up grant activities in countries or regions where they operate. Companies can also help strengthen the Global Fund’s governance processes, either globally by joining the Private Sector Delegation (PSD) to the Global Fund Board, or at country-level through Country Coordinating Mechanisms (CCMs), which provide oversight of and prepare applications for grant programs. To learn more about private sector opportunities in the upcoming replenishment period, contact the PSD Focal Point at email@example.com.