Sunday, Global Fund Director Michel Kazatchkine announced the Fund may begin to loan cash to developing countries that no longer qualify for their grants.

A quote the recent Reuters’ piece:

“By the end of next year 10 countries from the Eastern Europe and Central Asia region — including Turkey, Kazakhstan and Russia — will no longer qualify for Global Fund grants as they will be considered upper income countries.

But some of these countries have only just built up the mechanisms to battle AIDS, tuberculosis or malaria and Kazatchkine cited Kazakhstan as an example of a country which may benefit from a loan and extended help from The Global Fund.

Former Soviet Kazakhstan in Central Asia has grown richer over the last decade from high energy and commodity prices but faces an accelerating number of people with the HIV virus.”

-Virginia Simmons

This entry was posted on Monday, May 5th, 2008 at 11:18 am and is filed under Kazakhstan, Global Fund, Michel Kazatchkine. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.