Global Fund discusses their funding shortfall: will the G8 react?
As we approach the G8 meeting next week, one of things we’d like to see them commit to is fully funding the Global Fund to Fight AIDS, Tuberculosis and Malaria. We’ve known for a while that the Global Fund is facing its first ever financing gap. This is tragic since the Global Fund is sustaining millions on lifesaving AIDS medications and providing tens of millions of bed nets to protect mothers and children from malaria. See the article below from Reuters that explains the funding gap and the potential crisis if it is not filled.
As the G8 convenes this week, we hope that they will, amongst 8 of the largest economies in the world, find the $3 billion needed to keep the Fund fully financed.
Excerpts from Reuters article below, full piece here
GENEVA, July 3 (Reuters) – The Global Fund to Fight AIDS, Tuberculosis and Malaria is facing a budget hole of about $3 billion as the recession dries up foreign aid, the Geneva-based funding body said on Friday.
Spokeswoman Marcela Rojo said that $170 million is still needed to pay for the programmes the Global Fund committed to supporting last year, and it will need $2.5 billion to $3 billion to maintain and finance programmes planned for 2010.
“The Global Fund will need a substantially higher amount than the one pledged at the last replenishment in Berlin in 2007 ($10 billion),” she told Reuters, saying fundraising drives in 2010 “will be absolutely critical”.
-Josh Lozman
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July 6, 2009 at 12:53 pm
Thanks Josh for posting this very important article here. What people always seem to fail to realize is that underneath the statistics are real human beings who are suffering unnecessarily at the hands of politicians & corporations whose only concern is their own welfare.
All we can do is what we are all doing AS ONE and calling witness to this travesty of inequity & marginalization of millions of people around the world.
May God stand with us in speaking this truth.
LIVING POSITIVELY, debbie
http://www.mpwn-uganda.org