A malaria patient rests on a bed after being discharged in Kiryandongo, northwestern Uganda, on April 11, 2017. AFP
A malaria patient rests on a bed after being discharged in Kiryandongo, northwestern Uganda, on April 11, 2017. AFP
A malaria patient rests on a bed after being discharged in Kiryandongo, northwestern Uganda, on April 11, 2017. AFP
A malaria patient rests on a bed after being discharged in Kiryandongo, northwestern Uganda, on April 11, 2017. AFP


The funds to stop deadly diseases are drying up. Where does that leave global health?


  • English
  • Arabic

September 21, 2025

The Geneva-based organisation, The Global Fund, since it was established in 2002, has undoubtedly been a force for good. But its worldwide impact in the future is clouded by global political shifts, like that of the Swiss city itself.

Two big donor governments collapsed in a week, just as the organisation is trying to secure billions in new funding. The French and Japanese prime ministers had gone for different reasons but it was bad timing.

It is a sensitive moment for the Fund, which was set up to tackle the scourge of three deadly diseases: Malaria, HIV and Tuberculosis or TB.

The Fund has mobilised billions of dollars to reduce not only the incidence but the death toll of these pernicious infections. Its upcoming funding round has been launched to go further, capitalising on progress in some of the world’s poorest and most marginal countries.

Peter Sands, the former Standard Chartered Bank boss who oversees the Fund, says its investment of $6.1bn over three years between 2024 and 2026 not only tackles infections but strengthens healthcare systems, where there are precious little other resources available.

In raw figures, the Global Fund is aiming to help cut the death rate from the three diseases by 64 per cent over its funded cycle. Since its establishment more than two decades ago, the death rate has fallen by 63 per cent and the incidence across the three diseases is down 42 per cent.

While Washington has cut USAID and big donors such as France or the UK have also driven swingeing cuts, there is some hope the Fund can prove to the US that it has an innovation-centred agenda that chimes with new US priorities. Mr Sands talks about a mobile scanner with AI diagnosis that it is using against TB in Ukraine and is working wonders.

Since the Global Fund was established in 200, the death rate has fallen by 63 per cent

The Fund has made a commitment that shows it can work with the new strictures of the Trump administration, which is to roll out the US-made HIV prevention drug Lenacapavir for up to two million people by 2028.

Marco Rubio, US Secretary of State, has not shielded the President’s Emergency Plan for Aids Relief (Pepfar) from cuts but he has said the programme will continue until it can be reduced over time as they are impactful in achieving their mission.

A whole class of global philanthropic or public good organisations is clustered in Geneva, where the UN’s second home is based. Most, like the Global Fund, are finding their environment a lot more challenging as funds dry up. Insiders talk of two in five staffers going at many of the UN organisations themselves.

A panel at Chatham House last week pondered the future role of Geneva as a platform for working with and highlighting the concerns of the Global South countries.

Is it a historical anomaly that the Alpine city, with its high cost-of-living and European sensibilities, plays such an outsize role as a host for global co-operation?

Even the UN General Assembly had voted permission for parts of its high-level meeting, the annual set of addresses by heads of state and government, to be held not in New York but in Geneva.

Geneva's Palais Wilson, once home of the UN’s predecessor, the League of Nations, could yet take over some of the functions residing for decades on New York’s East River.

The reason lies at the Trump administration’s door. By restricting diplomatic access and outright refusing to grant visas to some delegations, the host agreement with the UN has been violated.

Previous high-profile staffers such as Mark Malloch Brown, a former deputy secretary general of the UN, have called for wider changes at the UN that could decentralise its operations. Cutting costs by getting closer to partners on the ground and using its charter as a vehicle for oversight would allow the UN to reinvent itself.

Geneva boasts of a whole set of UN ancillary organisations that are vulnerable in this new world. Adjusting to multipolar power means looking to the east and south.

Last weekend, when the British think tank Institute for Public Policy Research looked at relations with Global South countries, it noted the centre of gravity of gross domestic product has shifted from the Atlantic to the Hindu Kush. This is a trend unlikely to reverse.

IPPR says western powers such as the UK must mobilise differently to recognise the strength of competition from rising powers. It called for a mindset change to adjust to new realities. Looking at Geneva’s head start, some would see a “piecemeal diffusion” on the cards.

At the session, Alberto Groff, deputy head of mission at the Switzerland embassy in London, acknowledged the shifting sands and Chatham House dubbed the session Is Geneva heading south? As an advocate for the city’s advantages, Mr Groff cautioned many will take a longer view.

The delivery of programmes for the public good would still need a hub. Geneva’s stock of expertise would still be shared with the world. He argued that the city was a custodian of the value system that is embedded in the UN and that could not be easily replicated.

There is no doubt that a fork in the road has been reached. Swiss tax advantages or the unique legal and regulatory system remain important for the organisations the city hosts.

If not in this funding round, then the next, is the message. The wider question of how to address changing times isn’t going away.

Roll%20of%20Honour%2C%20men%E2%80%99s%20domestic%20rugby%20season
%3Cp%3E%3Cstrong%3EWest%20Asia%20Premiership%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%0D%3Cbr%3ERunners%20up%3A%20Bahrain%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Premiership%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Jebel%20Ali%20Dragons%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Hurricanes%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Division%201%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Sharks%0D%3Cbr%3ERunners%20up%3A%20Abu%20Dhabi%20Harlequins%20II%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Division%202%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%20III%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Sharks%20II%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDubai%20Sevens%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Hurricanes%3C%2Fp%3E%0A
Results

3pm: Handicap (PA) Dh40,000 (Dirt) 1,000m; Winner: Dhafra, Antonio Fresu (jockey), Eric Lemartinel (trainer)

3.30pm: Maiden (PA) Dh40,000 (D) 2,000m; Winner: Al Ajayib, Antonio Fresu, Eric Lemartinel

4pm: Handicap (PA) Dh40,000 (D) 1,700m; Winner: Ashtr, Abdul Aziz Al Balushi, Majed Al Jahouri

4.30pm: Handicap (TB) Dh40,000 (D) 1,700m; Winner: Falcon Claws, Szczepan Mazur, Doug Watson

5pm: Sheikh Dr Sultan bin Khalifa Al Nahyan Cup – Prestige Handicap (PA) Dh100,000 (D) 1,700m; Winner: Al Mufham SB, Al Moatasem Al Balushi, Badar Al Hajri

5.30pm: Sharjah Marathon – Handicap (PA) Dh70,000 (D) 2,700m; Winner: Asraa Min Al Talqa, Al Moatasem Al Balushi, Helal Al Alawi

RESULTS

Time; race; prize; distance

4pm: Maiden; (D) Dh150,000; 1,200m
Winner: General Line, Xavier Ziani (jockey), Omar Daraj (trainer)

4.35pm: Maiden (T); Dh150,000; 1,600m
Winner: Travis County, Adrie de Vries, Ismail Mohammed

5.10pm: Handicap (D); Dh175,000; 1,200m
Winner: Scrutineer, Tadhg O’Shea, Ali Rashid Al Raihe

5.45pm: Maiden (D); Dh150,000; 1,600m
Winner: Yulong Warrior, Richard Mullen, Satish Seemar

6.20pm: Maiden (D); Dh150,000; 1,600m
Winner: Ejaaby, Jim Crowley, Doug Watson

6.55pm: Handicap (D); Dh160,000; 1,600m
Winner: Storyboard, Richard Mullen, Satish Seemar

7.30pm: Handicap (D); Dh150,000; 2,200m
Winner: Grand Dauphin, Gerald Mosse, Ahmed Al Shemaili

8.05pm: Handicap (T); Dh190,000; 1,800m
Winner: Good Trip, Tadhg O’Shea, Ali Rashid Al Raihe

Four motivational quotes from Alicia's Dubai talk

“The only thing we need is to know that we have faith. Faith and hope in our own dreams. The belief that, when we keep going we’re going to find our way. That’s all we got.”

“Sometimes we try so hard to keep things inside. We try so hard to pretend it’s not really bothering us. In some ways, that hurts us more. You don’t realise how dishonest you are with yourself sometimes, but I realised that if I spoke it, I could let it go.”

“One good thing is to know you’re not the only one going through it. You’re not the only one trying to find your way, trying to find yourself, trying to find amazing energy, trying to find a light. Show all of yourself. Show every nuance. All of your magic. All of your colours. Be true to that. You can be unafraid.”

“It’s time to stop holding back. It’s time to do it on your terms. It’s time to shine in the most unbelievable way. It’s time to let go of negativity and find your tribe, find those people that lift you up, because everybody else is just in your way.”

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Updated: September 22, 2025, 2:20 AM