Jonathan Lambert
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But given the Trump administration's foreign aid cuts, advocates had feared a greater decrease.
Many countries also shrunk their pledges, though several major contributors, like France and Japan, haven't announced pledges yet.
Still, the organization's coffers will likely be less equipped to fight these deadly diseases.
The Global Fund is a major player in global health.
It provides roughly three-quarters of all international financing for TB and more than half for malaria.
It was hoping to raise $18 billion for its three-year budget, but on Friday, it announced it only raised a bit more than $11 billion.
Part of the shortfall reflects a drop from the U.S., its biggest funder.
Their new pledge is $4.6 billion, down from $6 billion in 2022.
But given the Trump administration's foreign aid cuts, advocates had feared a greater decrease.
Many countries also shrunk their pledges, though several major contributors, like France and Japan, haven't announced pledges yet.
Still, the organization's coffers will likely be less equipped to fight these deadly diseases.
Over the last couple of decades, wealthy countries have sent an increasing amount of money to poorer countries.
That trend peaked in 2023 with a total of $250 billion in total foreign aid spending.
That money helped drive down deaths by 23% in recipient countries, according to a new analysis by the Barcelona Institute for Global Health.
High levels of aid were linked to a 70% drop in HIV deaths and cut malaria deaths in half.
But that progress is threatened, the researchers say.
Countries are on track to shrink total aid spending by more than 10 percent next year.
If that continues, the study projects an additional 9.4 million people could die by 2030.