The United States has confirmed its $547 million pledge to the Global Fund to Fight AIDS, Tuberculosis & Malaria, significantly raising the organization's grantmaking budget for 2004.
The Global Fund will receive the full pledge if it raises enough non-U.S. funds to match the U.S. contribution two-to-one. To do so, the fund must fully collect outstanding pledges from its non-U.S. donors and raise an additional $120 million in non-U.S. funds.
The fund expects to have at least $900 million available for its fourth round of funding, which is scheduled for June. Since its inception in 2001, the fund has pledged $2.1 billion to 121 countries, with $478 million of that committed to the fight against HIV/AIDS in fourteen countries. In addition to its donation to the Global Fund, the United States plans to supplement programs in those countries with another $350 million from President Bush's Emergency Plan for AIDS Relief. Officials of the Global Fund have said they will work closely with the administration's initiative, as well as giving programs in other countries, to coordinate planning and implementation efforts.
"We believe that more money is the only way we can beat back the unfolding catastrophe of AIDS," said Global Fund executive director Richard Feachem. "We warmly welcome the new infusion of resources through the U.S. initiative and will make sure we maximize impact by preventing overlapping efforts and conflicting priorities."