financing mechanism Current Affairs - 2019

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India to contribute $22 mn to GFTAM for 2020-22

India has announced contribution of $22 million to Global Fund for AIDS, TB and Malaria (GFTAM) for 6th Replenishment Cycle (for year 2020-22). This is an increase of 10% over the amount contributed by India in 5th cycle.

Key Highlights

India stands firm to its long-standing partnership with Global Fund and its commitment to eliminate AIDS, Tuberculosis and Malaria.

India’s pledge for the Global Fund demonstrates

  • Its strong political leadership and commitment to fight HIV/AIDS, TB and malaria and to achieve the universal health for all.
  • Its equally strong commitment to work across borders by joining hands in fighting epidemics of these three diseases.

India was the 1st implementing country to host a replenishment milestone of Global Fund. It has now become 1st among G20, BRICS (Brazil, Russia, India, China and South Africa) and implementer countries to announce the pledge for 6th Replenishment Conference, thus setting up a precedent for other donors to contribute generously for the global cause.

Financing efforts to accomplish India’s goals of elimination of TB, HIV and Malaria and has inched a step closer in this direction by with increasing pledge amount and stepping up Global Fund efforts to strengthen health systems and save 16 million more lives across the world.

Partnership between India and Global Fund

India shares a sustained partnership with Global Fund since 2002 both as recipient and as a donor.

With investment of nearly $2 billion so far, Global Fund support has made significant contribution in attaining India’s targets related to HIV/AIDS, TB and Malaria reduction as well as escalating country’s fight against these three diseases.

In current funding cycle (2018-21), the Global Fund has allocated $500 million to India. As a donor, India has contributed $46.5 million so far till 2019 including US$ 20 million for 5th Replenishment Cycle.

Global Fund to Fight AIDS, Tuberculosis and Malaria (the Global Fund)

The international organization commenced its operations in January 2002 and maintains its secretariat in Geneva, Switzerland.

It is an international financing and partnership organization that aims to attract, leverage and invest additional resources to end epidemics of HIV/AIDS, tuberculosis (TB) and malaria to support attainment of United Nations Sustainable Development Goals (SDGs).

Global Fund is a financing mechanism rather than an implementing agency and is also the world’s largest financier of AIDS, TB, and malaria prevention, treatment, and care programs.