Global Fund’s uphill drive to USD 18 billion

The Global Fund has so far survived the US aid cuts, but slow disbursements from donors like France, Canada, and Germany mean that it is short billions of dollars for this year. With an ambitious fund-raising target of USD 18 billion for the next cycle 2026-2028, the agency is abandoning the traditional model of high-level replenishment events in favour of a more sober, tailored approach.