Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what assessment she has made of the Global Fund’s investment case for the seventh replenishment, including (a) return on investment, (b) how this will support the (i) UK's trading relationships and (ii) economic development of low and middle income countries and (c) value for money.

The UK is the Global Fund's third largest donor historically, investing £4.1 billion since 2002. We are currently reviewing the Global Fund's investment case for the 7th replenishment against the priorities of the International Development Strategy. Modellers have estimated that each £1 invested in the Global Fund's 7th replenishment will deliver £31 of benefits in health gains and economic returns in the low- and middle-income countries where the Global Fund invests. The Global Fund offers good value for money, delivering health best buys such as market shaping, prevention, and ensuring that interventions reach the most vulnerable. Moreover, investment in the Global Fund complements the UK's trade offer to developing countries, where our aim is to give these countries the tools they need to lift themselves out of poverty.