Funds Setback for War on Diseases

Tuesday, December 6, 2011 - 11:24
The Global Fund to Fight AIDS, Tuberculosis and Malaria introduces a stop-gap measure to keep essential services going

The Global Fund to Fight AIDS, Tuberculosis and Malaria has introduced a stop-gap measure to keep essential services going, but has cut off a lifeline for civil organisations counting on new grants.

Board chairperson, Simon Bland, states that the fund hoped to have nearly US$12 billion available, but fell short by US$2 billion, adding that this forced the board to cancel the 11th round of its funding for programmes aimed at treating the three diseases.

"Because some traditional donors did not pledge, and because of the difficult economic outlook in virtually all donor regions, it is uncertain at this point whether all pledges will be turned into contributions on time," explains Bland.

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Source: 
Times Live

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