These needs are to be spread around the whole world, especially in developing countries, to fight AIDS, tuberculosis and malaria.
The U.N. Global Fund concluded that funding will need to be sought for the receipt of between $6 and $8 billion every year from 2008 to 2010. Of course, these projections will depend on the amount of demand needed in the world's poorest countries.
According to Executive Director Michel Kazatchkine, this will be "an inspiring challenge" to both the donors and the people who do the work in more than 130 nations.
"The Board's vision of tripling or even quadrupling the size of the Global Fund is a strong vote of confidence for our work. Programs we support are currently saving
3,000 lives per day," said Dr. Kazatchkine.
"The increase in funding will allow the world to do much, much more, to reach G-8 and UN goals like providing AIDS treatment to all who need it, having every African child sleep under a bed net, and cutting the death toll of TB in half," added Dr. Kazatchkine.
The Board called on all of its stakeholders to increase their contributions in the coming years.
A meeting for Berlin in September is being planned for donors to secure the initial funding pledges for the upcoming 2008 to 2010 timeframe.
The Global Fund has provided and/or committed $7.1 billion so far across 136 countries in the world. The Fund first began in 2002 by prior Secretary-General Kofi Annan.
The three diseases that the Global Fund was set up to fight (that is, AIDS, tuberculosis and malaria), have killed more than 5 million people per year, with this number still growing.
