The Global Fund to Fight AIDS, Tuberculosis and Malaria has just gained another supporter in its goal to raise $15 billion for its work in the next three years.
French President François Hollande announced on Tuesday that his country will provide the fund about €1.08 billion ($1.4 billion) for 2014-2016. This comes as a bit of a surprise, given the budgetary constraints that most European donors are experiencing lately.
The amount was the same pledged in 2010 by Hollande’s predecessor Nicolas Sarkozy for the Global Fund’s 2011-2013 replenishment round.
Global Fund executive director Mark Dybul commended Hollande and French development minister Pascal Canfin for maintaining France’s support to the organization at such critical time.
France was not the only donor to announce its commitment to the Global Fund ahead of the organization’s replenishment meeting later this year. EU development commissioner Andris Piebalgs promised to maintain the European Union’s current level of support of €100 million a year, and Switzerland hinted at an even bigger contribution for 2014-2016.
Germany, meanwhile, committed earlier this year at the World Economic Forum in Davos to provide €1 billion, which comes out to €200 a year until 2016.
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