Global Fund raises $13.92 billion to fight AIDS, TB, malaria

News:French President has said that the Global Fund to fight against AIDS, tuberculosis and malaria(GFATM) has raised at least USD 13.92 billion for the next three years.

Facts:

About GFATM:

• The Global Fund to fight against AIDS, tuberculosis and malaria(GFATM) is an international financial organization.
• It aims to attract, leverage and invest additional resources to end epidemics of HIV/AIDS, tuberculosis and malaria.
• It is a partnership between governments, civil society, the private sector and people affected by the diseases.
• It was formed in 2002.It is headquartered in Geneva,Switzerland.
• The organisation mobilizes and invests more than US$4 billion a year to support programmes run by local experts in more than 100 countries.

India and GFATM:

• India shares a sustained partnership with the Global Fund since 2002 both as recipient and as a donor.
• In the current funding cycle (2018-21), the Global Fund has allocated US$ 500 million to India.
• As a donor,India has contributed US$ 46.5 million so far till 2019 including US$ 20 million for the 5th Replenishment.