Today, the EU announced a €550 million pledge to The Global Fund during the G7 summit in Biarritz. The Fund is an international partnership to fight against AIDS, tuberculosis and malaria around the world. Its work has already saved 27 million lives since it was created in 2002.
European Council President Tusk, representing the EU at this year's G7, made the announcement in Biarritz. It comes ahead of the Global Fund donors' conference that will take place in October in Lyon, as more support is needed so that developing countries can improve their health systems, reach universal health coverage and help end the 3 epidemics by 2030.
The Global Fund seeks to raise at least €12.6 billion (US$14 billion) for the period 2020-2022. By 2023, these funds should help save an additional 16 million lives, avert 234 million infections, cut the mortality rate from AIDS, tuberculosis and malaria in half, and build stronger health systems.
Today's pledge is made under the assumption that the EU's new Multiannual Financial Framework for the period from 2021-2027 and the new external action instrument, which would provide the budget for today's pledge, are adopted broadly along the lines proposed by the European Commission.