A Geneva-based organization combating infectious diseases secured commitments totaling $11.34 billion during a Johannesburg fundraising conference, falling short of its $18 billion objective for operations through 2029. The Global Fund to Fight AIDS, Tuberculosis, and Malaria acknowledged the difficult landscape for international health financing after Washington reduced development assistance under the Trump administration.
Executive director Peter Sands emphasized that recipient nations must accelerate their transition toward financial independence while cautioning against overly rapid withdrawals that could undermine disease control achievements. American officials contributed $4.6 billion compared with the $6 billion commitment made during the previous fundraising cycle hosted by former President Biden.
The organization plans to reduce administrative expenses by one-fifth next year and has already notified grant recipients about reduced allocations through 2026 due to revenue shortfalls.
Executive director Peter Sands emphasized that recipient nations must accelerate their transition toward financial independence while cautioning against overly rapid withdrawals that could undermine disease control achievements. American officials contributed $4.6 billion compared with the $6 billion commitment made during the previous fundraising cycle hosted by former President Biden.
The organization plans to reduce administrative expenses by one-fifth next year and has already notified grant recipients about reduced allocations through 2026 due to revenue shortfalls.
