U.S. Pledges over $5 Billion
On October 6, 2010, President Obama pledged a record breaking $4 billion to the Global Fund to Fight AIDS, Tuberculosis and Malaria. Not including what private corporations pledged to the Global Fund, the USA pledged around 53 percent of the total money to fight these diseases.
While total contributions from all participating nations are down from the $20 billion expected by organizers, according to IRIN Global, the total pledged thus far is $11.7 billion. Obama’s pledge to the fund marks a 38 percent increase from the previous cycle’s pledge in 2007.
Among private entities donating to the cause, the Bill & Melinda Gates Foundation tops the list with a pledge of $300 million, followed by a similar amount from Product(RED), the United Methodist Church’s gift of $28 million and Chevron’s $25 million.
The countries who have pledged the most to the Global Fund according to their ability - as a percentage of their GDP - for this 3-year cycle are France, Canada, Luxembourg, the United States, Japan and Australia, in that order. The United States was the first and is, by far, the largest contributor to the Fund, providing more than $5.1 billion to date.
“This pledge is linked to a firm call to action,” said U.S. Global AIDS Coordinator Ambassador Eric Goosby, “that calls upon the Fund to make needed reforms and for other donor nations to share in the responsibility of saving more lives effectively and efficiently.”