Executive Director of the Global Fund to Fight AIDS, Tuberculosis and Malaria
With increasing priorities in global development and a growing list of urgent issues of domestic prominence in many countries, traditional models of financing for development are falling short of the push needed to raise sufficient resources for development programmes. While science, technology and economic development foster longer, healthier and more prosperous lives around the globe, we must acknowledge the stubborn funding gap that separates our development ambitions and reality. But if we create new approaches to financing and space for new players to join the effort, we can sustain and advance the breathtaking progress in global health that has been achieved in the past two decades.
The Global Fund to Fight AIDS, Tuberculosis and Malaria has been exploring diverse and innovative financing models that can help galvanise the requisite funds to reach the global goals of ending the epidemics by 2030. These new models build on the Global Fund’s founding principle of multilateralism, bringing together diverse parties, such as governments, the private sector, foundations and philanthropists, to mobilise and invest nearly US$4 billion a year to support health programmes run by local experts in countries and communities most in need.
In September 2016, Canada’s Prime Minister Justin Trudeau led the world in raising US$12.9 billion for the Global Fund partnership to accelerate the fight against HIV, tuberculosis and malaria. That tremendously successful fundraising effort was thanks to great commitments by countries across the world, many of them Commonwealth countries...