Since the Global Fund was created in 2002, public sector contributions have constituted 95 percent of all financing raised; the remaining 5 percent comes from the
private sector or other financing initiatives such as
Product Red. The Global Fund states that from 2002 to July 2019, more than 60 donor governments pledged a total of US$51.2 billion and paid US$45.8 billion. From 2001 through 2018, the largest contributor to fund was
global health funding by the United States, followed by
France, the
United Kingdom,
Germany, and
Japan. The donor nations with the largest percent of
gross national income contributed to the fund from 2008 through 2010 were
Sweden,
Norway, France, the United Kingdom, the
Netherlands, and
Spain. The Global Fund typically raises and spends funds during three-year "replenishment" fund-raising periods. Its first replenishment was launched in 2005, the second in 2007, the third in 2010, the fourth in 2013, and the fifth in 2016. As part of the public-private partnership, all stakeholders play an important role in resource mobilisation efforts – including communities and civil society organisations. In 2011, at the 4th Partnership Forum held in São Paulo, Brazil, the Global Fund Advocates Network (GFAN) was founded. Following which regional entities – GFAN Africa and GFAN Asia-Pacific were also established. Alarms were raised prior to the third replenishment meeting in October 2010 about a looming deficit in funding, which would have led to people undergoing ARV treatment losing access, increasing the chance of them becoming resistant to treatment.
UNAIDS Executive Director
Michel Sidibé dubbed the scenario of a funding deficit an "HIV Nightmare". The Global Fund stated it needed at least US$20 billion for the third replenishment (covering programs 2011–2013), and US$13 billion just to "allow for the continuation of funding of existing programs". Ultimately, US$11.8 billion was mobilized at the third replenishment meeting, with the United States being the largest contributor – followed by France, Germany, and Japan. The Global Fund stated the US$1.2 billion lack in funding would "lead to difficult decisions in the next three years that could slow down the effort to beat the three diseases". However, following the Global Fund's May 2012 board meeting, it announced that an additional US$1.6 billion would be available in the 2012-2014 period for investment in programs. In December 2013, the fourth replenishment meeting was held in Washington, D.C. US$12 billion was pledged in contributions from 25 countries, as well as the European Commission, private foundations, corporations, and faith-based organizations for the 2014–2016 period. It was the largest amount ever committed to fighting the three diseases. The fifth replenishment meeting took place in September 2016 in
Montreal, Canada, and was hosted by Canadian Prime Minister
Justin Trudeau. Donors pledged US$12.9 billion (at 2016 exchange rates) for the 2017–2019 period. France held the sixth replenishment meeting in 2019 in
Lyon, hosted by President
Emmanuel Macron raising US$14.02 billion for 2020–2022. The seventh replenishment meeting was hosted by the United States on 19–21 September 2022 in New York City hosted by President
Joe Biden, announced by Secretary of State
Antony Blinken. The final total was a new record amount of funding, US$15.7 billion. The Global Fund's Eighth Replenishment Summit will take place on Friday, 21 November 2025, in Johannesburg, South Africa. The UK has currently committed £850m to this, representing at 15 percent cut on the UK's previous contribution. ==Leadership==