Global Fund Creates $500 Million COVID-19 Funding Mechanism

Global Fund Creates $500 Million COVID-19 Funding Mechanism

The Global Fund to Fight AIDS, Tuberculosis and Malaria has announced a $500 million funding facility for efforts to respond to and mitigate the impact of COVID-19.

The COVID-19 Response Mechanism will deploy funds in support of country responses to the pandemic and its impacts on national health systems as well as existing programs to fight HIV, TB, and malaria. The initial allocation of $500 million will support efforts to strengthen laboratory networks, supply chains, and community-led responses. The facility also will enable the Global Fund to mobilize additional resources from private and public donors to support actions by the most vulnerable countries to combat the virus. 

The $500 million is in addition to up to $500 million in grant flexibilities announced by the fund in early March that are being implemented by fifty-four countries. The organization's board recently approved additional flexibilities to address disruptions in supply chains and program implementation due to COVID-19.

"It is absolutely critical to take swift action, both to protect people now and to maintain lifesaving programs to fight HIV, TB, and malaria," said Global Fund executive director Peter Sands. "We face a monumental challenge, and we have to work together like never before. It is not only the right thing to do, it is also the smart thing to do. We must unite to fight."

(Image credit: Global Fund to Fight AIDS, Tuberculosis and Malaria)

"Global Fund Partners Unite to Fight." Global Fund to Fight AIDS, Tuberculosis and Malaria Press Release 04/09/2020.