Germany contributes $265.6M to Global Fund

German flag. The country has contributed $265.6M to The Global Fund to Fight AIDS, Tuberculosis and Malaria. Photo by: Trine Juel / CC BY

The Global Fund to Fight AIDS, Tuberculosis and Malaria welcomed Germany’s first contribution for 2012 as a “clear endorsement” of ongoing efforts to strengthen the organization’s financial oversight and management.

Germany, which suspended its contributions in 2011, has now made its first quarterly payment worth €200 million ($265.6 million) to the Global Fund, Minister for Economic Cooperation and Development Dirk Niebel announced March 8 in Berlin. The minister also confirmed Germany will fulfill all its quarterly payments for 2012 as long as the Global Fund reform process continues at its current pace.

Gabriel Jaramillo, the Global Fund’s general manager, was present during Niebel’s announcement and assured the minister the fund is doing its best to accelerate ongoing reforms in coming months.

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    Ivy Mungcal

    As senior staff writer, Ivy Mungcal contributes to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.