The Global Fund presents an unprecedented opportunity for philanthropists, corporations, trusts, foundations and nongovernment partners to have a significant impact on the response to AIDS, tuberculosis and malaria. Private sector partners have a number of ways to contribute – their finances, their knowledge, their participation in governance, their abilities as implementers, and through advocacy.
As of January 2018, private sector partners have contributed over US$2.2 billion to expand the reach of Global Fund investments and save lives. This includes substantial commitments from the Bill & Melinda Gates Foundation as well as more than US$500 million generated by PRODUCT(RED). The Global Fund also works closely with partners to develop alternative funding mechanisms that work within the ecosystem of sustainable domestic financing for health. Some of our initiatives include impact investing, country-led health trust funds, social impact and health bonds, concessional financing, and Debt2Health (a debt swap to raise funds for health), among others.
Partners also help Global Fund-supported programs to work better through sharing their knowledge and technical expertise. Coca-Cola, SAP, Ecobank, Munich Re and others have used their skills and capacities to strengthen health systems and improve program implementation.
In addition, the private sector contributes to decision-making through a seat on the Global Fund Board (another seat is allocated to private foundations). The Board, which is comprised of 20 voting constituencies, is responsible for approving funding decisions and for setting the priorities and policies for the organization.
The M2030 partnership brings health organizations, businesses and consumers together under the goal of eliminating malaria in Asia by 2030. The Global Fund joined in April 2018 and directs funds raised through the partnership toward malaria programs in Asia, ultimately saving more lives on the continent. M2030 raises funds and awareness through, for example, specially-branded products and services available to consumers.
Human Crescent and the Global Fund began a partnership in April 2018 to provide Muslims around the world a way to channel their zakah, or charitable almsgiving, to support displaced people in need. The Human Crescent online platform can allow donors to direct zakah to projects supporting displaced people, including refugees, internally displaced people and migrants. Funds directed to the Global Fund through the platform support programs on TB and malaria as well as resilient health systems, with an initial focus on areas with Syrian refugees and Rohingya refugees. Human Crescent aims to help 1 million displaced people.
At the country level, private sector and nongovernment partners are involved in the Country Coordinating Mechanisms in many countries.
As part of their sustainability efforts, private sector companies also participate on the ground, serving as Principal Recipients or sub-recipients of grants, implementing interventions to serve the men, women and children living with the diseases.
There is also a role for private sector partners to support the Global Fund’s awareness and advocacy efforts. Because the Global Fund does not have a presence in country, it relies on partners – including private sector companies – to help raise awareness of the work of the Global Fund among partners and implementers.
The broad range of private partners engaging with the Global Fund understand that investing in health equals investing in markets, people and the long-term profitability of their businesses. Partnering with the Global Fund also brings visibility, recognition and opportunities to further develop businesses.