GLOBAL
FUND FOR AIDS ERADICATION - INTERNATIONAL
News:
Global Fund secures deal
to slash HIV treatment price
What's
in the news?
●
The Global Fund, has reached an agreement
with generic pharmaceutical manufacturers to significantly reduce the price of
an advanced HIV drug named TLD.
Key
takeaways:
●
This deal will allow the drug to be
provided for under $45 per person per year, marking a 25% reduction in cost.
●
The
TLD pill contains three essential drugs for HIV treatment: tenofovir disoproxil
fumarate, lamivudine, and dolutegravir.
●
This combination has been recommended by
the World Health Organization as the preferred first-line treatment for HIV in
adults and adolescents due to its effectiveness in suppressing the virus,
minimal side effects, and ease of use.
Global
Fund to Fight AIDS, Tuberculosis, and Malaria:
●
The Global Fund to Fight AIDS,
Tuberculosis, and Malaria is a crucial organization in the global fight against
these devastating diseases.
●
It operates with a strong commitment to
transparency, accountability, and collaboration among various stakeholders.
●
It was established in 2002.
Headquarters:
●
The Global Fund is headquartered in Geneva, Switzerland, and operates under
high standards of governance.
Governance:
●
Its governance structure includes a board
with representatives from implementing and donor countries, NGOs, communities,
the private sector, and foundations.
Objectives:
●
To reduce the prevalence and impact of
HIV/AIDS, tuberculosis, and malaria worldwide.
●
Its work is aligned with the United
Nations Sustainable Development Goals (SDGs), particularly Goal 3, which focuses on good health and well-being for all.
Function:
●
The Global Fund operates as a partnership between governments, civil
society organizations, the private sector, and individuals affected by
HIV/AIDS, TB, and malaria.
●
The multi-stakeholder
approach ensures a comprehensive and holistic response to the diseases.
Significance:
●
The Global Fund has played a significant
role in mobilizing financial resources to support prevention, treatment, and
care programs.
●
It has disbursed substantial funds to
programs in numerous countries, contributing to the reduction of new infections
and saving millions of lives.