Global Fund’s uphill drive to USD 18 billion

News September 15, 2025 / By: Ann Danaiya Usher

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.

GF 7th replenishemnt Gotham Hall - photo by Vincent Becker GF cropped.jpg — The 7th Global Fund replenishment was a grand affair held at Gotham Hall in New York on September 21, 2022. In these troubled times, the agency is shifting to a more low-key approach to its 8th replenishment. (Photo by Vincent Becker / Global Fund)

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Global Fund’s uphill drive to USD 18 billion

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