The Global Fund has brokered debt swap agreement before, but not like the latest one between Germany and Egypt.
New Debt2Health agreements have been signed among the Global Fund and several countries. One agreement involves Australia and Indonesia; another involves Germany and Côte d'Ivoire. This brings the total number of Debt2Health agreements to four.
The Global Fund has launched a new "Debt2Health" initiative that could result in substantial finances being received by the Fund. The initiative is a form of "debt conversion", in which Western governments that are owed money by developing countries agree to cancel a portion of the debt on condition that the developing countries in question invest specified lesser amounts of money in Global Fund-approved programmes.