Global Fund, the world’s largest financier of AIDS, TB, and malaria prevention, treatment, and care programs has approved a staggering $9.2 billion in new grants to fuel the fight against these devastating diseases in more than 70 countries.
The investment, starting in 2024, is expected to save lives, build resilient health systems, and empower communities across the globe.
The decision builds on the record-breaking Seventh Replenishment of $15.7 billion secured in November 2022. This represents the largest-ever investment in the Global Fund’s history, with $13.1 billion of the total allocated directly to over 120 countries through 152 new grants over the 2024-2026 period. The remaining $4 billion will be deployed through subsequent grant cycles.
” “Sustaining our progress against the world’s deadliest diseases and helping build more resilient and inclusive systems for health will save millions of lives, address glaring health inequities and enable communities to flourish,” emphasized Peter Sands, Executive Director of the Global Fund.
He further underlined the critical need for sustained funding, especially amidst the challenges of climate change, conflict, and economic hardships faced by vulnerable populations.
The new grants are the culmination of rigorous collaboration between country partners and Country Coordinating Mechanisms. These national structures, comprising government officials, community representatives, and health experts, meticulously developed funding requests tailored to address the specific needs of each country. All proposals underwent a rigorous review process by independent experts and committees before securing final approval from the Global Fund Board.
Beyond core grants, the Global Fund is supporting the strengthening of health systems and pandemic preparedness through reinvestments from the COVID-19 Response Mechanism (C19RM).
Over $2 billion has been allocated to initiatives bolstering medical oxygen supplies, community-based systems, health worker training, supply chain resilience, laboratory capabilities, disease surveillance, data systems, and waste management.
This historic investment by the Global Fund offers a new hope in the fight against HIV, TB, and malaria. With targeted interventions, strengthened health systems, and unwavering global collaboration, we can build a future where these diseases no longer claim countless lives and impede prosperity.
