World Bank, Global Fund Commit $24 Billion for African Health Coverage

World Bank, Global Fund Commit $24 Billion for African Health Coverage

The Global Fund to Fight AIDS, Tuberculosis and Malaria and the World Bank have announced a $24 billion commitment to help African nations accelerate their progress toward universal health coverage.

Announced on Friday in anticipation of the sixth Tokyo International Conference on African Development (TICAD) in Nairobi, Kenya, the commitment includes $9 billion over three years from the Global Fund — a total that includes $6 billion for programs aimed at treating and preventing HIV, TB, and malaria and $3 billion in investments to create stronger procurement systems and supply chains and improved data quality and data management systems. The commitment assumes a $13 billion Global Fund replenishment, the campaign for which will launch in September.

In addition, through its International Bank for Reconstruction and Development and International Development Association windows, the World Bank Group pledged to contribute $15 billion over five years to efforts that target the poor and are considered critical to achieving universal health coverage, including early childhood development, pandemic preparedness, crisis response, and private sector participation. The commitment assumes a successful IDA 18 replenishment

"Reducing and preventing HIV, TB, and malaria [are] critically important to alleviate the burden on health systems," said Global Fund executive director Mark Dybul. "But in order to accelerate universal health coverage and all of the health SDGs, we also are actively investing to build resilient and sustainable systems for health."

"Partners Launch Framework to Accelerate Universal Health Coverage in Africa." Global Fund to Fight AIDS, Tuberculosis and Malaria Press Release 08/26/2016.