HIV/AIDS: Global Fund looks to private sector to fill funding gap

Photo: Jaspreet Kindra/IRIN

[www.irinnews.org]

JOHANNESBURG, 14 October 2010 (PlusNews) – With its coffers running at least US$1 billion short, the Global Fund to Fight AIDS, Tuberculosis and Malaria is looking to the private sector to fill the funding gap.

At a 12 October conference on the role of buisness in health in Johannesburg, South Africa, members of the Fund’s board and secretariat said private sector contributions had become increasingly important as its historic donors – governments – were shying away from fully funding the global health financing mechanism.

“In the new context that we’re in, where we’ve gotten [funding] increases from governments but we know that these governments are under pressure, this is exactly where the private sector has to step up,” said the Global Fund’s private sector team manager, David Hayward Evans. ”We need more funds… and we believe, we hope, that the private sector can contribute.”

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