Thank you very much for your kind words.
We are at the moment implementing the funds that we raised in the sixth replenishment. It's not over, and thank you, Canada, again, for your very robust pledge. Implementation is ongoing. Indeed, we have never deployed as many resources in the past. It's really been a scale-up of the Global Fund supports for low and medium-income countries in the fight against these three diseases, let alone COVID.
That being said, this year we aim to raise at least $18 billion ahead of and at the pledging conference, which is being scheduled by President Biden for September in New York, the date still to be seen. This money would be made available to countries. We will be negotiating the grants next year, 2023. Then they will be implementing such grants in the period from 2024 to 2026. This is how it works. We raise money in one year; we negotiate for one year; and we implement in the following three years, more or less.
With regard to the mobilization on the Canadian side, we thought it would be really interesting to explore the IAS conference as a potential platform for Canada to express its commitment and potentially announce its pledge. That would set up the momentum and show the commitment ahead of the New York pledging conference later in September.