Friends Hails President’s Budget for Including $2 Billion for Global Fund in FY23 and Pledging $6 Billion for the Seventh Replenishment

Friends hails President’s budget for including $2 billion for Global Fund in fiscal year 2023 and pledging $6 billion for the Seventh Replenishment

Other donors must now step up to achieve a successful $18 billion replenishment

 

Washington, DC – Friends of the Global Fight applauds President Biden for requesting $2 billion for the Global Fund to Fight AIDS, Tuberculosis and Malaria in fiscal year 2023 and pledging $6 billion for the seventh replenishment in his budget request released today. 

“Our deepest thanks go to the Biden administration for its continued bold leadership and commitment to ending the AIDS, TB and malaria epidemics,” said Chris Collins, president and CEO of Friends of the Global Fight. “This new investment will save millions of lives, help get the fight against AIDS, TB and malaria back on track after major disruptions from COVID-19 and also strengthen global pandemic preparedness. We appreciate the long history of bipartisan congressional support for the Global Fund and look forward to advancing this budget request with members of Congress.”

Latest Update: Both the House and Senate State, Foreign Operations Appropriations Subcommittees advanced the fiscal year 2023 spending bill, allocating $2 billion to the Global Fund. After passing these hurdles, the U.S. pledge to the Global Fund’s 7th replenishment is closer to being enacted into law.

“There are many global challenges today, but millions of lives are at stake and the world cannot afford to press hold when it comes to fighting infectious disease,” Collins said. “The United States has taken the first step to a successful $18 billion Global Fund replenishment by pledging one third of the total. By law the U.S. cannot contribute more than 33% of all Global Fund financing, so other donors must also step up or risk leaving U.S. funding on the table.”

A successful Global Fund replenishment is projected to return $31 for every $1 invested and avert more than 450 million infections or cases, while also reducing global inequality.

If enacted by Congress, the proposed fiscal year 2023 funding would be the first U.S. contribution for the next three-year Global Fund replenishment cycle, which covers fiscal years 2023-2025. This funding level in the budget proposal is consistent with the U.S. traditionally providing one-third of total Global Fund resources, spurring other donors to invest. The budget request notes the United States is, “offering to match $1 for every $2 contributed by other donors.”  

The Biden administration will host the Global Fund’s Seventh Replenishment Conference this fall.  

“President Biden’s budget has made ending epidemics a top priority and the world is better for it,” said Dr. Jeffrey L. Sturchio, Friends’ Board chair and past chairman of Rabin Martin, a global health strategy consulting firm. “We look forward to working with the Biden administration ahead of the replenishment conference this fall and with Congress to secure this funding in final appropriations legislation.”

Learn more:

U.S. Investment Case for the Global Fund

What Does $2 Billion Buy?

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ABOUT FRIENDS OF THE GLOBAL FIGHT AGAINST AIDS, TUBERCULOSIS AND MALARIA: 

Friends of the Global Fight Against AIDS, Tuberculosis and Malaria advocates for U.S. support of the Global Fund, and the goal to end the epidemics of AIDS, tuberculosis and malaria. For more information about Friends of the Global Fight, visit www.theglobalfight.org.

ABOUT THE GLOBAL FUND: 

The Global Fund is a partnership designed to accelerate the end of AIDS, tuberculosis and malaria as epidemics. Together with partners, it has saved 44 million lives since it was founded in 2002. As an international organization, the Global Fund mobilizes and invests more than US$4 billion a year to support programs run by local experts in more than 100 countries. In partnership with governments, civil society, technical agencies, the private sector, faith-based organizations and people affected by the diseases, the Global Fund is challenging barriers and embracing innovation. Learn more at https://www.theglobalfund.org/en/overview.

MEDIA CONTACT:

Rachel Irwin

[email protected]

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