MONTREUX – Luxembourg today signed a multi-year contribution agreement with the Global Fund, becoming the first European donor to convert its pledge into a concrete payment schedule for the next funding cycle, starting in 2017.
Luxembourg announced its pledge of €8.1 million for 2017-2019 in May of this year. The figure represents an 8 percent increase from its previous contribution to the fund, confirming the trend set by the European Commission and inviting other donors to follow suit.
The European Union has been providing support since the Global Fund was created in 2002.
To end 2014, the European Commission has contributed US$1.6 billion (€1.25 billion) to the Global Fund from the common EU budget and the European Development Fund (to which all EU member states contribute) and has pledged to increase this amount to US$ 2.1 billion (€1.62 billion) through 2016. It is the sixth-largest donor to the Global Fund, after the U.S., France, UK, Germany and Japan.
NEW YORK – Luxembourg is increasing its financial commitment to the Global Fund for 2014, thereby unlocking additional contributions from the United States and the United Kingdom.
Prime Minister Xavier Bettel announced at the 2014 Global Citizen Festival in New York on Saturday that Luxembourg is making an additional pledge of €500,000 for 2014, in addition to its earlier pledge of €2.5 million. Both the United States and the United Kingdom have geared their own contributions to the Global Fund in a way that maximizes donations by other countries.
GENEVA - The Global Fund to Fight AIDS, Tuberculosis and Malaria today congratulated Luxembourg for its decision to commit EUR 7.5 million (US$10.1 million) for 2014-2016, making it one of the most generous donors on a per capita basis.
The commitment, subject to parliamentary approval, will effectively unlock an additional US$4 million in contributions from the United States and the United Kingdom, which have geared their own contributions to maximize what is donated by other countries.