Global Fund to Fight AIDS, Tuberculosis, and Malaria
The Global Fund to Fight AIDS, Tuberculosis and Malaria (GFATM) is the response by global leaders in 2002 when it was recognized that the devastation to families, societies, and economies caused by these three pandemics was considered a global emergency. Through Global Fund-supported programs, more than 6 million people are receiving lifesaving antiretroviral therapy as of the end of 2013. Diagnosis and treatment for tuberculosis have reached 11.2 million people, and 360 million insecticide-treated nets have been distributed to families to protect them from malaria. Thanks to these programs, and the efforts of many partners, total mortality from AIDS, tuberculosis, and malaria has decreased by 40 percent since 2000.
Global Infrastructure Facility
In 2014, the WBG announced that it planned to design a new mechanism (a global infrastructure facility) to mobilize resources and leverage them more effectively to support infrastructure investment in emerging markets and developing economies, including by strengthening the supporting policy and regulatory environment and project quality.
The development of the facility reflects several factors:
• With decreased fiscal space and significant demands on government budgets, the public sector alone cannot be expected to finance the significant (and growing) infrastructure needs.
• Private-sector investors with appropriately long-term investment horizons report a shortage of financially viable infrastructure projects in which to invest.
• With limited public and private resources, it is essential that governments increase the impact on job creation, growth, and development of the scarce resources allocated to infrastructure.
Against this backdrop, the WBG is working on an integrated platform that brings together upstream and downstream support for infrastructure, one that seeks to make better use of scarce WBG resources to leverage additional financing for infrastructure and more actively seeks partnerships with other multilateral and national development banks.