European Commission Pledges $514 Million for Global Fund

European Commission Pledges $514 Million for Global Fund

The Global Fund to Fight AIDS, Tuberculosis and Malaria has announced a new, three-year commitment of €470 million ($514 million) from the European Commission.

The first pledge to be announced as part of the fund's Fifth Replenishment cycle, the commitment represents an increase of €100 million, or 27 percent, over the European Commission's previous contribution. The EU is the sixth-largest donor to the Global Fund, with European nations collectively accounting for 48 percent of total contributions to the fund, more than any other region.

"One of the lessons of the Ebola outbreak in West Africa is the clear need to strengthen health systems in developing countries so that infectious diseases can be controlled for good," said Neven Mimica, EU commissioner for international cooperation and development. "With €470 million, the EU's contribution to the Global Fund will contribute to achieve our shared ambition to save eight million more lives and avert up to three hundred million infections. I call on others to raise their contributions so that more resilient systems can be built, and the special needs of women and girls and those of key affected populations be better served."

"With this significant and increased pledge, Europe is demonstrating terrific leadership in global health," said Global Fund executive director Mark Dybul. "At a time when Europe faces global challenges like the migrant crisis and climate change, ending epidemics is a top priority that is interconnected with social stability, education, and expanding opportunity."

"Major Pledge by European Commission Signals Strong Replenishment for the Global Fund." Global Fund to Fight AIDS, Tuberculosis and Malaria Press Release 03/03/2016.