Financials

Replenishment

The Global Fund raises funds in three-year cycles known as Replenishments. Funding comes primarily from the public sector, with about 93% of total funding coming from donor governments. The remaining funding comes from the private sector, private foundations and innovative financing initiatives.

Contributions to the Global Fund have steadily increased since 2002, when we were founded. Supported by strong advocacy from many partners, especially by civil society and people affected by the diseases, advocates of global health have guided governments to contribute constructively to reduce the burden of disease in countries worldwide. Learn more

A detailed list of pledges and contributions by donor is available for download:

• Pledges and Contributions Report
  Excel | PDF

Pledges and contributions by Replenishment

• Pledges and Contributions

Implementation

The Global Fund disburses initial grant funds once the design and specifications of a grant are complete and approved. Under the principle of performance-based funding, continued grant funding is dependent on proven, effective results. Since we were created in 2002, the Global Fund has disbursed more than US$50 billion (as of June 2021).

Grant Disbursements

Operating expenses

Operating expenditures in 2020 were US$299 million. In recent years, the Global Fund has been highly effective in containing operating expenses while improving and expanding its scope of operational work, through disciplined cost control and adherence to the budgeting framework. The graph below illustrates the amount of operating expenses year on year.

Operating expenses 2002-2020

• Operating Expenses 2002-2018