Global Fund Meets Replenishment Target, Raises $14.02B In Pledges From Governments, Businesses, Philanthropists

Devex: Global Fund claims last-minute victory on $14B replenishment target
“The Global Fund to Fight AIDS, Tuberculosis and Malaria said it secured its $14 billion funding target at its replenishment conference Thursday, with the Bill & Melinda Gates Foundation and the French government upping their earlier pledges to get donors over the line. ‘We have today secured pledges and commitments for $14.02 billion,’ Global Fund Executive Director Peter Sands told journalists. It was a ‘pretty intense 24 hours’ to get there, he told Devex…” (Chadwick, 10/10).

The Telegraph: World leaders heed Macron’s call and pledge $14bn to fight killer diseases
“…[S]ome last-minute phone calls from [French President Emmanuel] Macron meant countries and private sector donors, who collectively donated more than £1bn, in fact exceeded the target slightly and pledged $14.02bn. This is a 15 percent increase on the Global Fund’s previous fundraising round in 2016 when it raised just over $12 billion and is the largest amount of money ever raised by a health organization…” (Gulland, 10/10).

U.N. News: Global community pledges $14 billion to step up fight against AIDS, tuberculosis and malaria
“…The Fund reported that many donors at the conference stepped up their pledges, citing the urgency to take decisive action. … France’s pledge of $1.29 billion included an extra $60 million announced by President Emmanuel Macron in a final push to meet the overall $14 billion target. Private donors also pledged more than $1 billion, which is a Global Fund first. The Bill & Melinda Gates Foundation led efforts with a pledge of $760 million, while (RED) pledged US$150 million, alongside supporters such as Comic Relief, prominent businessman Sri Dato Dr Tahir, and the global pharmaceutical company, Takeda…” (10/10).

Additional coverage of the replenishment conference is available from the AP, Economist, and France 24.