GENEVA – In the first significant contribution to the Global Fund since the launch of its current Replenishment cycle earlier this month, Switzerland escalated its pledge to 60 million Swiss francs (US$68 million) over the next three years.
Compared with its pledge of 21 million Swiss francs three years ago, the new commitment represents almost a tripling of Switzerland’s contribution, one of the biggest increases by any donor. It also underscores Switzerland’s support for a global health hub in Geneva.
“Switzerland is very committed to the mandate of the Global Fund and to the fight against the three diseases,” said Ambassador Martin Dahinden, Director of the Swiss Agency for Development and Cooperation. “Switzerland considers it a great privilege to host the Global Fund Secretariat in Geneva, where it has marked its place among other key-stakeholders in global health.”
On top of that, the Swiss pledge unlocks about US$34 million in additional contributions from the United States, and about US$10 million from the United Kingdom. Each country devised their pledges in a way that partially matches additional contributions by other donors.
Donor pledges at the launch of the Global Fund’s Fourth Replenishment in Washington D.C. on 3 December totaled US$12.0 billion for 2014-16. The Swiss contribution, combined with the matching funds, lifts that total to over US$12.1 billion, the largest amount ever committed to fight against AIDS, tuberculosis and malaria.
Switzerland initially pledged 21 million Swiss francs over the previous three year period, and later increased it to 26 million Swiss francs. The new commitment was approved by the Federal Council, and comes on top of technical support for risk management worth 2.4 million Swiss francs through the German BACKUP Initiative.
“This is a strong vote of confidence in the Global Fund,” said Mark Dybul, Executive Director of the Global Fund. “Switzerland is sending a clear signal that we can sustain momentum in our efforts to raise money in the transformative fight against HIV, TB and malaria.”
Switzerland has supported the Global Fund since its inception in 2002. Switzerland committed last year to raise its official development assistance to 0.5 per cent from 0.45 percent of gross domestic product by 2015. It also plays a prominent role in the Global Fund’s governance as an alternate Board member, sharing a seat with Canada.
The Global Fund is an international financing institution dedicated to attracting and disbursing resources to prevent and treat HIV and AIDS, TB and malaria. The Global Fund promotes partnerships between governments, civil society, the private sector and affected communities, the most effective way to help reach those in need. This innovative approach relies on country ownership and performance-based funding, meaning that people in countries implement their own programs based on their priorities and the Global Fund provides financing where verifiable results are achieved.
Since its creation in 2002, the Global Fund has supported more than 1,000 programs in more than 140 countries, providing AIDS treatment for 6.1 million people, anti-tuberculosis treatment for 11.2 million people and 360 million insecticide-treated nets for the prevention of malaria. The Global Fund works in close collaboration with other bilateral and multilateral organizations to supplement existing efforts in dealing with the three diseases.
© 2013, Newstime Africa. All rights reserved. – The views expressed here are purely those of the author and not necessarily those of the publishers. – Newstime Africa content cannot be reproduced in any form – electronic or print – without prior consent of the Publishers. Copyright infringement will be pursued and perpetrators prosecuted.
56,238 total views, no views today