World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

Global Fund Awards $3 Billion To Fight Diseases

UN-backed Global Fund awards almost $3 billion to fight killer diseases

10 November 2008 – The United Nations-backed Global Fund announced today that it has approved 94 new grants worth $2.75 billion to projects aimed at fighting HIV/AIDS, tuberculosis and malaria.

These latest grants bring the Global Fund’s overall commitment to combating the three diseases to more than $14 billion and will finance projects over the next two years to low-income countries around the world.

“This is the highest amount of new financing approved by the Global Fund ever,” said Rajat Gupta, Chair of the Global Fund Board, which met in New Delhi, India, over the weekend to make decisions over the allocation of the money.

“These new resources will significantly help the world in achieving global targets such as universal access to AIDS treatment and prevention, and cutting the number of deaths from tuberculosis and malaria by half by 2015,” added Mr. Gupta.

Programmes combating malaria will receive just over half of the funding, and AIDS and TB initiatives will get 38 per cent and 11 per cent respectively.

Africa and the Middle East will see the vast majority of the grants awarded, with 77 per cent of the total. Asia and the Western Pacific will receive 14 per cent, Latin America and the Caribbean 6 per cent and Eastern Europe and Central Asia another 6 per cent.

“We have a fantastic message to bring back to the rich nations of the world: programmes to fight these three diseases save lives, reduce disease burdens, and strengthen health systems,” said the Executive Director of the Global Fund, Michel Kazatchkine.

Programmes backed by the Fund are estimated to have already provided AIDS treatment to 1.75 million patients and TB treatment for 3.9 million people. They have also distributed 59 million insecticide-treated bed nets to prevent malaria.


ENDS

© Scoop Media

 
 
 
 
 
World Headlines

 

Werewolf: Gordon Campbell On North Korea, Neo-Nazism, And Milo

With a bit of luck the planet won’t be devastated by nuclear war in the next few days. US President Donald Trump will have begun to fixate on some other way to gratify his self-esteem – maybe by invading Venezuela or starting a war with Iran. More>>

Victory Declared: New Stabilisation Funding From NZ As Mosul Is Retaken

New Zealand has congratulated the Iraqi government on the successful liberation of Mosul from ISIS after a long and hard-fought campaign. More>>

Gordon Campbell: On The Current US Moves Against North Korea

If Martians visited early last week, they’d probably be scratching their heads as to why North Korea was being treated as a potential trigger for global conflict... More>>

ALSO:

Gordon Campbell: On The Lessons From Corbyn’s Campaign

Leaving partisan politics aside – and ignoring Jeremy Corbyn’s sensational election campaign for a moment – it has to be said that Britain is now really up shit creek... More>>

ALSO:

Another US Court: Fourth Circuit Rules Muslim Ban Discriminatory

ACLU: Step by step, point by point, the court laid out what has been clear from the start: The president promised to ban Muslims from the United States, and his executive orders are an attempt to do just that. More>>

ALSO:

 
 
 
 
 
 
  • Pacific.Scoop
  • Cafe Pacific
  • PMC