Germany plans to donate six million euros (800 million USD) to the Global Fund to Fight AIDS, Tuberculosis, and Malaria. Dirk Nebel, Germany’s Minister for Economic Cooperation and Development said that the nation will give the Global Fund 200 million euros annually from 2014 to 2016.
Germany had ceased donations to the Global Fund in 2011 after concerns were raised that some grants were being stolen or misused by poor countries. In 2012, the Fund announced new measures that greatly improved their financial oversight.
“The fund succeeded in overcoming a serious crisis,” Niebel said. “It has completely reformed itself.”
Executive Director Mark Dybul took over the Geneva-based fund this week and is raising money for the Global Fund’s scientific advances. This research provides the most promise of ending the world’s three biggest infectious killers.
Dybul said, “We are a wealthy world still…We can afford to do this, and we cannot afford not to do this.”
The Global Fund has spent $19 billion fighting the three diseases since 2002. It has also received or been promised $29 billion since 2002 by several countries, as well as by charities like the Bill and Melinda Gates Foundation, and companies including Chevron Corp.
Bill Gates noted that if we don’t help the Global Fund, the impact on the human conditions and the economy will worsen.
Germany has promised or given 1.79 billion euros since 2002, not including the new pledge, making it the fourth largest donor behind the U.S., France, and the U.K.
– Kasey Beduhn