adminUS$15 billion for the period.
“Zimbabwe was invited to apply for US$245 million as an early applicant so that grant is guaranteed. The other US$66 million has already been approved leaving us with US$311 million, which is guaranteed from the Global Fund,” Mr Chiteure said.
He, however, said Zimbabwe needed US$565 million for the period.
“If the Global Fund manages to raise US$15 billion our application for US$565 million might be approved,” Mr Chiteure said.
The Global Fund announced during a donor’s conference, which ended on Wednesday in Brussels, that it looked forward to raise US$15 billion for 2014-2016 to effectively support countries in fighting the three diseases.
The Global Fund executive director Mr Mark Dybul said: “We have a choice. We can invest now or pay forever. Innovations in science and implementation have given us a historic opportunity to completely control these diseases. If we do not, the long-term costs will be staggering.”
According to the Global Fund, the US$15 billion target combined with other sources of funding such as an estimated US$37 billion from domestic sources in implementing countries, US$24 billion from other international sources would address the global resource needs by at least 90 percent.
Online Reporter