Global Fund receives $750 million pledge from Nordic countries

The Global Fund to Fight AIDS, Tuberculosis and Malaria announced on Wednesday that it received a donation of $750 million from Nordic countries.

The official announcement was made in Stockholm and was accompanied by a joint statement from Sweden, Norway, Finland, Denmark, Iceland and the United States. This announcement coincided with meetings between the leaders of these countries at an event hosted by Sweden.

"The vision and foresight of our Nordic partners is a critical piece of seizing this historic moment to defeat HIV, tuberculosis and malaria," Dr. Nafsiah Mboi, the chair of the board of the Global Fund, said. "This is terrific leadership. We hope others will be inspired by and join these efforts."

The traditionally strong support from the Nordic countries was increased by the pledge, which represents over $150 million in increased funds from the Nordic countries. With these new pledges, an increased contribution from the United States worth $375 million was unlocked.

A pledging conference that convenes every three years, known as the Global Fund's Fourth Replenishment, will take place in late 2013. Nordic leaders said that they would "work together to ensure a successful replenishment."