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Global Fund has US$15.7 billion finish but misses its fundraising goal

Based on a final tally for its seventh replenishment cycle, the board said it has approved spending US$13.7 billion in more than 120 countries over the next three years to fight HIV, TB and malaria and strengthen those nations' health systems.

The Avenue of the Baobabs in Morondava, Madagascar
The Avenue of the Baobabs in Morondava, Madagascar, where malaria is one of the leading causes of mortality among children under five and the baobob tree has traditionally been used against malaria and several other diseases and infections. (AN/Anna Milleker)

GENEVA (AN) — Almost two months after its major fundraising summit, the world's biggest disease-fighting fund added US$1.4 billion to its earlier pledges but still fell 13% short of its goal.

The Global Fund to Fight AIDS, Tuberculosis and Malaria's board of directors said on Friday it welcomed the US$15.7 billion result from the seventh replenishment round it has held since its creation in 2002.

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