Saturday, February 7, 2009

Economic downturn threatens global fund

The Global Fund to Fight AIDS, Tuberculosis and Malaria, the main funding body for tackling these diseases, supplies one-quarter of all AIDS funding, two-thirds of tuberculosis funding and three-fourths of malaria funding.

In 2009 it
will be $5 billion short of its funding goals as pledges to the fund from donor nations fall short. Some development economists have contrasted this with the $18 billion worth of bonuses taken in 2008 by officials at US banks now receiving public funds to bail them out of the banking crisis.

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