Kuwait extends financial grant to combat critical diseases globally
To contribute to the seventh replenishment of the global fund for the period 2023 – 2025, a Development Fund amounting to $8 million will be granted to Combat AIDS, Tuberculosis and Malaria.
The Kuwait Fund for Arab Economic Development signed a grant agreement worth US$ 8 million with the Global Fund to Fight AIDS, Tuberculosis and Malaria, on 30 September 2024. This is in accordance to contribute to the seventh replenishment of the Global Fund’s resources for the period 2023-2025.
Importantly, the grant agreement was signed on behalf of the Kuwait Fund for Arab Economic Development, Waleed Shamlan Al-Bahar, Acting Director General, and on behalf of the Global Fund to Fight AIDS, Tuberculosis and Malaria, by Françoise Fanny, Director of External Relations and Communications.
The Global Fund, in cooperation with the World Health Organisation and the United Nations Development Program, seeks to mobilise about 18 billion US dollars during the period 2023-2025.
This is to support global efforts to stop the spread of HIV, Tuberculosis and Malaria and also help countries achieve a range of sustainable development goals, including saving the lives of more than 20 million people during the target period.
It’s a mission in reducing the mortality rate from these three diseases by 60%, and avoiding about 450 million new cases of AIDS, Tuberculosis and Malaria. Furthermore, the grant will contribute to the building and development of resilient and sustainable health systems in beneficiary countries.
Significantly, this is the seventh contribution between the State of Kuwait and the Global Fund in the field of combating diseases and epidemics at the international level.
Also, it is the third contribution of its kind between the Kuwait Fund and the Global Fund. The Kuwait Fund has already contributed on behalf of the Government of the State of Kuwait in the fifth renewal of the resources of the Global Fund for the period 2017-2019 with a grant of 5.0 million US dollars.
Whereas, in the sixth replenishment of the Fund’s resources for the period 2020-2022, a grant of 6.0 million US dollars were issued, thereby bringing the total contributions from the Kuwait Fund on behalf of the Government of the State of Kuwait to the resources of the Global Fund, to a staggering 11.0 million US dollars.
