President Obama earlier this week “made a last minute appeal to donors to the Global Fund to Fight AIDS, Tuberculosis and Malaria …, [o]ffering a U.S. pledge of $1 for every $2 pledged by other donors for a total U.S. pledge of up to $5 billion,” and “[d]onors to the Global Fund announced total pledges of $12 billion, suggesting a U.S. commitment of about $4 billion,” Scott Morris, a visiting policy fellow at the Center for Global Development (CGD), notes in the center’s “Rethinking U.S. Development Policy” blog. He examines what will happen to the “left over” $1 billion of U.S. funds if “other matching donors don’t come forward.” He writes, “Most likely, it will be subsumed in the PEPFAR budget, ensuring that U.S. foreign assistance continues to be largely bilateral and largely focused on global health issues,” and suggests that the money instead be used “to replenish the coffers of the International Development Association (IDA), the World Bank’s fund for the poorest countries” (12/4).