France to maintain its support for the Global Fund

A child receives medicine for tuberculosis provided with the support from the United Nations Development Program and the Global Fund to Fight AIDS, Tuberculosis and Malaria. The fund will receive about €1.08 billion ($1.4 billion) in funding for 2014-2016 from France. Photo by: Brian Sokol / UNDP / CC BY-NC-ND

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.

Read more development aid news online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders — emailed to you FREE every business day.

You have 2 free articles left
Log in or sign-up to unlock all of the free news on Devex.

About the author

  • Ravelo jennylei

    Jenny Lei Ravelo

    Jenny Lei Ravelo is a Devex Senior Reporter based in Manila. She covers global health, with a particular focus on the World Health Organization, and other development and humanitarian aid trends in Asia Pacific. Prior to Devex, she wrote for ABS-CBN, one of the largest broadcasting networks in the Philippines, and was a copy editor for various international scientific journals. She received her journalism degree from the University of Santo Tomas.

Join the Discussion