FRIDAY, SEPTEMBER 30, 2016

African nations contribute more than $150 million to Global Fund

The Global Fund to fight AIDS, Tuberculosis and Malaria announced on Friday that several African nations pledged more than $150 million to the Global Fund in an international effort to fight AIDS.

The Global Fund held its Fourth Replenishment last week in Washington, D.C., where five African nations, including Nigeria, Zimbabwe, Malawi, Cote d'Ivoire and Kenya made significant contributions. The Joint United Nations Program on HIV/AIDS reported that this is the first year where low and middle income countries are contributing more to the international fight against HIV/AIDS than they will receive in external resources.

The Nigerian Minister of Finance and Coordinating Minister of the Economy Ngozi Okonjo-Iweala announced $150 million in new contributions to the Global Fund. Kenya pledged $2 million, Zimbabwe pledged $1 million, Malawi donated $500,000 and Cote d'Ivoire announced a $6.4 million donation through the debt-swap Global Fund Debt2Health program.

"These pledges represent the commitment of African countries to fight the three diseases, not only through domestic and international financing, but also by directly contributing to the Global Fund," Executive Director of the Global Fund Mark Dybul said. "Through these commitments, African countries are demonstrating that not only high income or emerging economies can contribute to an organization like the Global Fund. We are all in this together."

The Global Fund's replenishment initiative resulted in $12 billion in contributions, a 30 percent increase from the 2010 initiative, which earned $9.2 billion for the 2011-2013 period.