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Monday, 04 October 2010

Piebalgs proposes 10% increase in funding to the Global Fund

Tomorrow, Andris Piebalgs, the European Commissioner for Development, will participate in the Third Voluntary Replenishment Pledging Conference of the Global Fund to fight AIDS, Tuberculosis and Malaria in New York. Two weeks after the UN High-level Plenary Meeting on Millennium Development Goals (MDGs,) the Global Fund is calling for a replenishment of its resources for the year 2011 – 2013. If approved, the contribution of the EU to the Global Fund could increase at least by 10% for 2011 – 2013, reaching €330 million. Ahead of the conference Andris Piebalgs, the European Commissioner for Development said: "Two weeks ago during the UN MDG Summit the world committed to turn Millennium Development "Goals" into "Realities". Today, we can turn our commitments into actions. Creating more and inclusive growth in developing countries to reach the MDGs can simply not be achieved without a healthy population. The EU will continue to support the Global Fund in fight against these deadly diseases." During the conference, Commissioner Piebalgs will announce the commitment of the European Commission to increase its financial contribution to the Global Fund. The proposal is a subject to approval of budgetary authorities of the EU and the African, Caribbean and Pacific Group (ACP). Currently the Commission contributes €100 million per year for the period 2008 – 2010. The European Commission is a founding member of the Global Fund. It has been providing strong political and financial support to it since 2002. From 2002 to 2010, the European Commission has contributed a total of €972.5 million, which makes it the fifth largest donor to the fund (after the USA, France, Italy and Japan). Over the same period, the European Union has contributed more than $9 billion or 52% of the GFATM resources. The EU also adopted conclusions on 10 May 2010 on its role in global health, to promote a strong EU vision, common voice and action in global health, and to support innovative sources of financing for the health sector to advance towards the achievement of the MDGs related to health.

Source: European Commission