The Global Fund has brokered debt swap agreement before, but not like the latest one between Germany and Egypt.
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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.