The Indonesia Health Fund was established by a group led by Dato Sri Dr. Tahir, Chairman of the Tahir Foundation in Indonesia, and an initial investment of US$40 million from eight Indonesian business leaders in partnership with the Bill & Melinda Gates Foundation and the Global Fund to Fight AIDS, Tuberculosis and Malaria. Bill Gates, co-chair of the Bill & Melinda Gates Foundation, took part in a signing ceremony in Jakarta on 5 April with Dr. Tahir and the other philanthropists. The Gates Foundation will match the investment, which is for health programs in Indonesia. Dr. Tahir, who is also Chairman and CEO of the Mayapada Group in Indonesia, previously announced a separate investment of US$65 million, the largest ever made by a private foundation in an emerging economy to the Global Fund. Dr. Nafsiah Mboi, who is Minister of Health of Indonesia and also Chair of the Board of the Global Fund, said the establishment of the Indonesia Health Fund was a significant step toward making Indonesia self-reliant in health funding. She praised the exemplary leadership by private sector investors who partner with the Global Fund as an effective vehicle to reach more people affected by the diseases. Each of eight business leaders “signed a commitment to providing US$5 million, and each agreement was cosigned by Mr. Gates.” The goal of the Indonesia Health Fund is to bring along additional private donors. The Global Fund noted that over the past decade, its financing has supported Indonesia’s efforts to treat 1.3 million cases of TB, distribute nearly 9 million insecticide-treated nets to prevent malaria, and provide nearly 30,000 Indonesians with access to HIV treatment.
http://www.theglobalfund.org/en/mediacenter/newsreleases/2014-04-09_Innovative_Investment_in_Indonesia_Health_Fund/