PHM-Exch> Here is an update on the Global Fund Pledges for 2011–2013. Find out more on the breakdown of the top five donor countries.

[Patrick Wamukulu]

FYI-


*Update on Pledges for 2011–2013*
  David Garmaise
  10 Apr 2013

As of 31 December of 2012, donors had pledged $10.4 billion for the
2011–2013 replenishment period. This is a 13% increase over the $9.2
billion pledged at the actual replenishment conference in October 2010.

The difference comes primarily from pledges made following the New York
conference. A group of donors, including Belgium, Netherlands, Saudi Arabia
and Sweden, announced their pledges after the conference.

This information is contained in a report on the outcome of the Global
Fund’s third replenishment, released on the eve of the Fund’s 2014–2016
pre-replenishment meeting in Brussels, Belgium on 9–10 April.

The top five donors accounted for 70% of the $10.4 billion. (An analysis
done by Aidspan in December 2012 revealed that the top five donor countries
in terms of pledges were, in order, the US, France, the UK, Germany and
Japan.)

As of 31 December 2012, the Global Fund Secretariat said it had received
about half of the $10.4 billion pledged, and that there are agreements in
place covering another 15%.  As a result, the Secretariat estimates the
pledge conversion rate to be about 64%, which, it says, is roughly in the
line with the time that has elapsed since the start of the 2011–2013
replenishment period.

Traditionally, the majority of donor contributions tend to be received in
the second half of a given year. The report said that 2012 showed some
improvement over 2010 and 2011, in that more contributions were being made
earlier in the year, but not to extent seen in 2009.

The Secretariat said that it is exploring ways to limit foreign currency
exposure, including the use of futures contracts (also known as hedging).

Most contributions (72%) are being paid using cash. The remainder come in
the form of promissory notes and multi-year contribution agreements
(MYCAs). See the figure below, taken from the report, for a breakout.

The Secretariat said that, based on recent public announcements and early
discussions with selected donors, the proportion of MYCAs is expected to
increase in the future.

*Information for this article was taken from the “Outcome of the Global
Fund’s Third Replenishment” report, released on 8 April. The report is
available on the Global Fund website
here<http://www.theglobalfund.org/en/donors/replenishment/fourth/>
.* *The Aidspan report, entitled “Donors to the Global Fund: Who Gives How
Much,” is available here <http://www.aidspan.org/page/other-publications>.
A GFO article about this report is available
here<http://www.aidspan.org/gfo_article/aidspan-releases-analysis-pledges-and-contributions-global-fund>
.*

*This is one of a series of GFO articles on the documents released by the
Global Fund for the pre-replenishment meeting in Brussels
*

*http://www.aidspan.org/gfo_article/update-pledges-2011%E2%80%932013*

*
*
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