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Global Fund Commits US$24bn To African Health Sector
MONROVIA, August 29 (LINA) - Global Fund has committed itself to investing US$24 billion in Africa over the next three to five years.
The announcement was made ahead of the Sixth Tokyo International Conference on African Development (TICAD-VI), which is Japan’s flagship program for African development.
The two-day conference was, however, held in Nairobi, Kenya at the weekend.
A World Bank release quotes the Executive Director of the Global Fund to Fight AIDS, Tuberculosis and Malaria, Mark Dybul as saying, “Reducing and preventing HIV, TB and malaria is critically important to alleviate the burden on health systems.”
He noted that in order to accelerate Universal Health Coverage (UHC), and all of the health SDGs, they also are “actively investing to build resilient and sustainable systems for health.”
The release revealed that the World Bank Group through its International Bank for Reconstruction and Development and International Development Association windows is expected to contribute $15 billion in the next five years to investments that are critical to UHC, including through the Global Financing Facility, the Power of Nutrition and early childhood development.
It will also fund pandemic preparedness, targeting the poor, crisis preparedness and response, and leveraging the private sector.
The Global Fund’s US$9 billion commitment for 2017 through 2019 includes US$6 billion of investments in programs that treat and prevent HIV, TB and malaria.
The amount also includes $3 billion of investments in systems for health such as strengthened procurement systems and supply chains, improved data quality and data management systems, and strengthened human resources for health.
The commitment also assumes a $13 billion Global Fund replenishment, to be launched in September this year.