Global Fund to Fight AIDS Tuberculosis and Malaria Current Affairs - 2019

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US $13.92 billion raised for next 3 years to fight against AIDS, tuberculosis and malaria

Donors from across the world including governments, philanthropists and private firms have pledged just over $14 billion for the next three years to save 16 million lives and help end AIDS, tuberculosis and malaria by 2030. It was promised at the Sixth Replenishment Conference of Global Fund to fight against AIDS, tuberculosis and malaria (GFTAM) held in Lyon, France.

Key Donors

United States will provide $1.56 billion a year, maintaining more than 30% of all contributions. France has pledged to provide $1.29 billion. India also has announced contribution of $22 million, an increase of 10% over the earlier amount contributed in 5th cycle. Private donors also pledged more than $1 billion. The Bill & Melinda Gates Foundation has pledged to provide $760 million, (RED) has pledged US$150 million.

About Global Fund to fight against AIDS, tuberculosis and malaria

It was created in 2002 to raise, manage and invest the world’s money to respond to three of the deadliest infectious diseases the world has ever known viz. AIDS, TB and malaria. It aims to attract, leverage and invest additional resources to end epidemics of HIV/AIDS, tuberculosis and malaria to support attainment of Sustainable Development Goals (SDGs) established by the United Nations. Its secretariat are in Geneva, Switzerland.

Note: GFTAM is financing mechanism rather than implementing agency. It is also the world’s largest financier of AIDS, TB, and malaria prevention, treatment, and care programs.

Larus Labs partners with Global Fund for supply of AIDS drugs

Hyderabad-based pharma Laurus Labs Limited has announced that it has entered into a strategic partnership agreement with Global Fund for a period of 3.5 years. The agreement gives Laurus Labs volume commitments for drugs from the Global Fund for the treatment of HIV/AIDS.

Global Fund to Fight AIDS, Tuberculosis and Malaria

Global Fund to Fight AIDS, Tuberculosis and Malaria was created in 2002 to raise, manage and invest the world’s money to respond to three of the deadliest infectious diseases the world has ever known. The Global Fund was established with an objective to defeat these three diseases.

AIDS, TB and malaria are all preventable and treatable. The tackling of these disease requires the commitment not only of world leaders and decision-makers but also of those working on the ground to help the men, women and children living with these diseases.

The idea of Global fund was discussed in the G8 summit in Okinawa, Japan, in 2000 and the real commitment began to coalesce at the African Union summit in April 2001. The idea continued doing rounds at the United Nations General Assembly Special Session in 2001 and finally endorsed by the G8 at their summit in Genoa, Italy, in July 2001.

The public sector contributions have constituted 95 per cent of all financing raised by the Global Fund and the remaining 5 per cent came from the private sector or other financing initiatives such as Product Red.

Global Fund aims to attract, leverage and invest additional resources to end the epidemics of HIV/AIDS, tuberculosis and malaria to support attainment of the Sustainable Development Goals established by the United Nations.