At the the Fund’s Seventh Replenishment Conference in New York, The European Commission announced €712 million from the EU Budget to the Global Funds. This record contribution underligns the strong commitment of Team Europe with more than €4 million for the period 2023-2025.
The new contribution is in addition to the €150 million made available this year from the EU budget for the Global Fund’s COVID-19 Response Mechanism (C19RM) to help countries cover the costs of personal protective equipment, diagnostic tests and therapeutics. The Global Fund seeks to raise at least US$18 billion for the period 2023-2025 to save 20 million lives, avert more than 450 million infections, cut the death rate from HIV, TB and malaria by 64% and build a healthier, more equitable world.
The European Union and its Member States, as Team Europe, are a major contributor to the Global Fund. The EU has announced €150 million for the C19RM.
With the new pledge of €715 million, the total contributions 2001-2025 by the European Commission to the Global Fund come to €3.5 billion.