The Global Fund to Fight AIDS, Tuberculosis and Malaria Collaborates with CIFF to Launch an HIV Catalytic Fund
- The Children’s Investment Fund Foundation (CIFF) is committing $33 million to a catalytic fund to accelerate progress against HIV transmission in up to five priority countries in Africa. This represents an increase of more than 30% over CIFF’s previous funding commitment. The Global Fund intends to further match this commitment by at least a 1:1.5 ratio.
- The Catalytic Fund focuses on reducing the number of new HIV infections, a crucial step in overcoming the disease.
LONDON/GENEVA – The Global Fund to Fight AIDS, Tuberculosis and Malaria welcomes a US$33 million pledge from the Children’s Investment Fund Foundation (CIFF) to accelerate progress in the fight against transmission of HIV in up to five priority countries. The Global Fund intends to further match this commitment with at least $1.5 for every $1 committed by CIFF.
“While testing and treatment are essential tools in the fight against HIV, the ultimate goal is above all to prevent transmission,” said Peter Sands, Executive Director of the Global Fund. “Through the targeted deployment of pre-exposure prophylaxis (PrEP), we can significantly reduce the number of new HIV infections. We are extremely grateful to CIFF for their new commitment and we are proud to continue working alongside them.
To reduce HIV infections by 90% by 2030, 10 million PrEP initiations are needed in priority countries. PrEP is a drug that people at risk of getting HIV can take to prevent HIV infection. When taken as prescribed, PrEP reduces the risk of contracting HIV through sex by approximately 99%.
The Global Fund and CIFF have partnered to fight HIV since 2015. In 2019, CIFF and the Global Fund launched a catalytic investment of US$25 million to expand access to HIV self-testing in countries where millions of people live without knowing their HIV status. This mechanism is fueling remarkable progress in sub-Saharan Africa, where the majority of people living with undiagnosed HIV reside. In five of the poorest countries in Africa, the distribution of self-tests has increased from a few thousand units in 2019 to more than 3 million in 2021. This partnership combines CIFF’s experience in innovative approaches and the experience of the Global Fund in providing broad support to HIV programs, taking innovation and new products to scale, and supporting country leadership in the HIV response.
“The Global Fund has a proven track record of deploying well-governed public-private partnerships as part of its country-led approach to scaling proven innovations,” said Chris Hohn, Founder of CIFF. “Equal access to lifesaving products like PrEP is unfortunately not achieved everywhere in the world. Well-timed catalytic investments, with organizations like the Global Fund, can change that, increasing the impact of funds philanthropy and saving millions of lives.
In countries where the Global Fund invests, the total number of AIDS-related deaths has fallen by 65% since the Global Fund was established in 2002. However, the COVID-19 pandemic has threatened to reverse these extraordinary gains. In 2020, for the first time in the history of the Global Fund, core HIV prevention and testing services decreased from the previous year.
CIFF’s US$33 million commitment represents an increase of more than 30% over its previous commitment and comes ahead of the Global Fund’s Seventh Replenishment to raise US$18 billion to fund its next grant cycle of three years. The Global Fund estimates that US$18 billion in funding would save an additional 20 million lives, while strengthening health and community systems to bolster pandemic preparedness.
About CIFF: The Children’s Investment Fund Foundation (CIFF) is an independent philanthropic organization with offices in Addis Ababa, Beijing, London, Nairobi and New Delhi. Established in 2002, CIFF works with a wide range of partners seeking to transform the lives of children and adolescents in developing countries. Areas of work include sexual and reproductive health, maternal and child health, opportunities for girls and young women, combating child slavery and exploitation, and supporting smart ways to slow down and stop. climate change.