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Donors Should Contribute More To Global Fund To Prevent Forfeiting Conditional Pledges

Noting donors have pledged $12 billion over the next three years to support the Global Fund to Fight AIDS, Tuberculosis and Malaria, $3 billion short of the fund’s goal, a New York Times editorial says the amount is “a vote of confidence in the programs at a time when many nations face fiscal constraints.” However, “[i]t was disappointing that other donors failed to pledge enough money to take full advantage of an offer by the United States, the largest single donor to the fund,” which pledged to “contribute $1 for every $2 contributed by other donors,” the editorial states. “Other countries need to step up,” the editorial writes, calling on Japan, Australia, France and Germany to increase their pledges. “[D]onors have pledged $8 billion, so the American contribution will be only $4 billion,” unless additional pledges are made, and the U.K.’s pledge of $1.6 billion “cannot be more than 10 percent of the total raised over the next three years, so its pledge, too, could be cut if other donors don’t contribute enough,” the New York Times writes, concluding, “That means a lot of money will be forfeited if others don’t step up” (12/5).