Print Friendly, PDF & Email

In News- The Global Fund to Fight AIDS, Tuberculosis and Malaria

Are you Ready for Insta 75 Days Revision Plan (UPSC Prelims - 2020)?

Topics Covered:

  1. Issues relating to development and management of Social Sector/Services relating to Health, Education, Human Resources, issues relating to poverty and hunger.
  2. Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.

 

In News- The Global Fund to Fight AIDS, Tuberculosis and Malaria

 

What to study?

For Prelims and Mains: The Fund, its objectives, need for funding, significance and challenges.

 

Context: Hyderabad-based pharma company Laurus Labs Limited has announced that it has entered into a strategic partnership agreement with Global Fund for a period of 3.5 years. Through this agreement Laurus Labs will have the volume commitments from the Global Fund for the treatment of HIV/AIDS.

 

What is it?

The Global Fund to Fight AIDS, Tuberculosis and Malaria (or simply the Global Fund) is an international financing organization that aims to “attract, leverage and invest additional resources to end the epidemics of HIV/AIDS, tuberculosis and malaria to support attainment of the Sustainable Development Goals established by the United Nations.”

Founded in 2002, the Global Fund is a partnership between governments, civil society, the private sector and people affected by the diseases.

The organization maintains its secretariat in Geneva, Switzerland.

 

Historical background:

The Global Fund was formed as an independent, non-profit foundation under Swiss law and hosted by the World Health Organization in January 2002. In January 2009, the organization became an administratively autonomous organization, terminating its administrative services agreement with the World Health Organization.

Sources: the hindu.