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AHF Applauds Donors and Leadership for Successful $14 Billion Global Fund Replenishment

October 10, 2019 GMT

LOS ANGELES--(BUSINESS WIRE)--Oct 10, 2019--

A slew of donors—from wealthy nations to the private sector, and many in-between—joined together today to achieve a monumental milestone for global public health. AIDS Healthcare Foundation ( AHF ) applauds the leadership and the generous donors that helped exceed the goal of $14 billion set by the Global Fund to Fight AIDS, Tuberculosis and Malaria ( Global Fund ) to defeat the three deadly diseases by 2030.

Of the primary donors not previously announced, the U.S. continued leading the way with its pledge of $4.68 billion (33% of total contributions). France boosted its previous pledge by 20% by committing to contribute $1.4 billion, and the Bill & Melinda Gates Foundation slid into the top six of all donors as they led the private sector with a pledge of $760 million. Many smaller and first-time donors also stepped up to play a significant role in achieving the unprecedented goal.

“We are extremely happy that the world has come together to exceed this goal,” said AHF President Michael Weinstein. “We applaud the donors for their generosity and also want to praise Global Fund Executive Director Peter Sands for his leadership that has boosted the Fund’s credibility and gotten us to this point—as well as President Macron for taking the initiative to lead the Replenishment conference and for his efforts to inspire increased last-minute pledges.”

Noticeably (almost) absent from the list of leading donors was China. Even though they flaunt the world’s second largest economy, they pledged a mere $18 million—despite having received more than $802 million in Global Fund support in the past.

“It’s unfortunate that we even have to mention this, as it detracts from all the good that the majority of the world has accomplished today—but China’s pledge is absolutely shameful. There’s really no other word to describe it,” added Weinstein. “We’re at a loss for why a leading economy, and one that the Global Fund has given assistance to in the past, would refuse to return the favor and help the greater good.”

The total amount pledged initially came in at just under the $14 billion mark, but final pushes by France, Bill Gates and U2 front man Bono propelled the Fund across the finish line to arrive at the $14.02 billion total—the largest amount ever raised for a multilateral health organization.

AHF has advocated for several years via its Fund the Fund campaign to ensure a fully funded Global Fund, as it has been unparalleled in its ability to deliver support. Since its inception in 2002, the Fund has saved over 32 million lives around the world, and in 2018 alone, it ensured that 18.9 million people were receiving antiretroviral medicine for HIV, treated 5.3 million people for TB and distributed 131 million mosquito nets across the globe.

For more information, please contact Ged Kenslea at gedk@aidshealth.org or (323) 791-5526.

About AIDS Healthcare Foundation (AHF)

AIDS Healthcare Foundation (AHF), the largest global AIDS organization, currently provides medical care and/or services to over 1.2 million people in 43 countries worldwide in the US, Africa, Latin America/Caribbean, the Asia/Pacific Region and Eastern Europe. To learn more about AHF, please visit our website: www.aidshealth.org, find us on Facebook: www.facebook.com/aidshealth and follow us on Twitter: @aidshealthcare and Instagram: @aidshealthcare.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191010005867/en/

CONTACT: U.S. MEDIA CONTACTS:

Ged Kenslea, Senior Director, Communications, AHF

+1.323.308.1833 work; +1.323.791.5526 mobile

gedk@aidshealth.org Denys Nazarov, Director of Global Policy &

Communications, AHF

+1.323.219.1091

dn@aidshealth.org

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: OTHER GOVERNMENT AIDS HEALTH PUBLIC POLICY/GOVERNMENT OTHER PHILANTHROPY PHILANTHROPY INFECTIOUS DISEASES FOUNDATION PUBLIC POLICY OTHER POLICY ISSUES

SOURCE: AIDS Healthcare Foundation

Copyright Business Wire 2019.

PUB: 10/10/2019 04:57 PM/DISC: 10/10/2019 04:57 PM

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