News Releases

Global Fund Welcomes Germany’s Contribution for 2011

23 November 2011

GENEVA – Geneva - The Global Fund to Fight AIDS, Tuberculosis and Malaria warmly welcomes the announcement by Germany to release EUR 100 million as part of its contribution for 2011. Germany had previously released EUR 100 million in August 2011 and the latest payment fulfils its full pledge of EUR 200 million for the year.

The decision was announced today in Berlin by Mr. Dirk Niebel, Germany’s Minister for Economic Cooperation and Development. It follows the adoption of a Comprehensive Transformation Plan by the Global Fund Board to improve the organisation’s risk management, fiduciary controls and governance.

“Germany has been a strong supporter of the Global Fund and has taken a lead in the work to strengthen the Global Fund’s oversight of its grants,” said Professor Michel Kazatchkine, the Global Fund’s Executive Director. “We appreciate the trust and confidence Germany has shown in our efforts to transform the Global Fund into a highly efficient channel for financing a sustainable, long-term response to the three diseases.”

Germany is the fourth largest donor to the Global Fund, having pledged over EUR 1.5 billion since 2002. This includes EUR 600 million for the period 2011-13, in yearly instalments of EUR 200 million each. Germany has conditioned next year’s contribution of EUR 200 million on the implementation of the Global Fund’s Consolidated Transformation Plan.