What is the News ?

Recently, the Global Fund unveiled an agreement with generic pharmaceutical companies to substantially reduce the cost of a state-of-the-art HIV medication.

Facts About:

The Global Fund represents a global initiative aimed at conquering HIV, TB, and malaria, striving for a healthier, safer, and more equitable future for everyone.

Established in 2002, this movement unites governments, civil society, healthcare professionals, and the private sector.

Funding:

• The Global Fund operates on a three-year funding cycle, providing more extended-term stability in the fight against AIDS, TB, and malaria.

Funding primarily originates from the public sector, with 92% of total contributions originating from donor governments.

• Additional funding sources encompass the private sector, foundations, and innovative financial initiatives.

In 2006, India became a donor to the Global Fund, committing $25 million for the Seventh Replenishment period spanning 2023-2025.