Breaking News: $3 Billion in New Malaria Funding!!

Sep 25th, 2008 12:53 PM UTC
By ONE Partners

Reporting to you live from outside the 2008 MDG Malaria Summit…

At the 2008 MDG Malaria Summit in New York today, global leaders in health, government and business announced over $3 billion in new malaria money to help spur the world toward ending malaria deaths by 2015 – making it the single biggest day for malaria announcements in the history of the fight against the disease.

Speakers including Bono, Gordon Brown, Bill Gates, President Kagame of Rwanda and President Kikwete of Tanzania discussed how far the world has come in recent years to combat malaria and how far we still have to go. Peter Chernin, President and COO of News Corporation and Malaria No More Chairman, helped moderate the event, adding that malaria is not an isolated disease but both a consequence and cause of extreme poverty.

Two of the biggest announcements were from the World Bank and the Global Fund to Fight AIDS, Tuberculosis and Malaria. Robert Zoellick, President of the World Bank, announced $1.1 billion as funding for Phase II of the World Bank Booster Program and Rajat Gupta, Chair of the Global Fund, announced Round 8 funding recommendations for malaria control efforts totaling $1.62 billion.

In celebrating the new commitments, grassroots support and political will that is driving the worldwide effort to end malaria deaths, event host UN Special Envoy for Malaria Ray Chambers urged the community not to become complacent. While today represents a big step forward, the race to end deaths – 3,000 children every day – is far from over.

For more information on the event and commitments, visit www.MalariaNoMore.org.

-Emily Bergantino, Communications Officer, Malaria No More

TAGS: Bill and Melinda Gates Foundation, Bono, Clinton Global Initiative, Global Fund, Malaria, Malaria No More, Policy News, President Kagame, President Kikwete, Prime Minister Gordon Brown, UN Summit, UN Summit September 2008, World Bank