France pledges $1.4 billion to Global Fund
Hollande announced the decision to pledge $1.4 billion to the Global Fund on Monday, despite the fact that France has made cutbacks in other areas due to the economy.
"Despite having to make difficult budgetary adjustments in many areas, France has made the right choice in maintaining its strong commitment to this critical fight," Vice-Chair of the Global Fund Board and France's former Ambassador against HIV/AIDS and communicable diseases Mireille Guigaz said.
France is Europe's largest donor to the Global Fund and the second largest donor worldwide after the United States. France has also been an international leader in innovative fund-raising, such as an airline tax used for humanitarian purposes. Global Fund Executive Director Dr. Mark Dybol graciously thanked Hollande and France's Development Minister Pascal Canfin for their continual political and financial support.
"I would like to commend President Hollande and Minister Canfin for the lead they are taking in a critical year for the future of the Global Fund's work in combating the three diseases," Dybul said. "France has for years tirelessly defended the Global Fund's founding values, which emphasize the key role played by communities affected by the diseases, by civil society and by recipient governments."