FRIDAY, SEPTEMBER 30, 2016

Switzerland pledges $68 million to Global Fund

Switzerland announced a pledge to the Global Fund of $68 million over the next three years, more than tripling the contribution it made to the organization during the Global Fund's previous Replenishment donation campaign.

"Switzerland is very committed to the mandate of the Global Fund and to the fight against the three diseases," Director of the Swiss Agency for Development and Cooperation Ambassador Martin Dahinden said. "Switzerland considers it a great privilege to host the Global Fund Secretariat in Geneva, where it has marked its place among other key-stakeholders in global health."

Switzerland's contribution also unlocked additional contributions to the Global Fund, including a $34 million additional contribution from the United States and an additional $10 million from the United Kingdom. Each country pledges to match the contribution of other donors to some degree.

The Global Fund launched its Fourth Replenishment cycle in Washington D.C. on December 3. Total contributions to date, including new contributions from Switzerland, the U.S. and the UK, are more than $12.1 billion, the largest amount ever pledged to fight AIDS, tuberculosis and malaria.

"This is a strong vote of confidence in the Global Fund," Executive Director of the Global Fund Mark Dybul said. "Switzerland is sending a clear signal that we can sustain momentum in our efforts to raise money in the transformative fight against HIV, TB and malaria."