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.


© Scoop Media

World Headlines


Covid: 250 Groups Urge WTO Chief To Ditch Pharma-Friendly Approach And Embrace Vaccine Patent Waiver

by Jake Johnson, staff writer An international coalition of 250 civil society groups on Tuesday urged the head of the World Trade Organization to embrace a temporary suspension of coronavirus vaccine-related patents, warning against pursuit of a voluntary ... More>>

Samoa’s Stunning Election Result: On The Verge Of A New Ruling Party For The First Time In 40 Years

Tamasailau Suaalii Sauni , University of Auckland and Patricia A. O'Brien , Georgetown University Samoan politics is on a knife edge. After the country voted in general elections on April 9, counting so far has resulted in a dead heat between the two ... More>>

Timor-Leste: UN Agencies Support Response In Wake Of Deadly Floods

United Nations agencies in Timor-Leste are supporting response efforts, as floods and landslides left widespread damage across the country, including in the capital, Dili. According to media reports, at least 21 people died in the country and many ... More>>

Focus On: UN SDGs

C40: UN Secretary-General's Remarks To Meeting With Leading Mayors Supported By Cities

UN Secretary-General's remarks to Meeting with Leading Mayors Supported by C40 Cities: “Advancing a Carbon-Neutral, Resilient Recovery for Cities and Nations” 16 April 2021 Thank you for joining me today, and for your commitment and leadership. Cities ... More>>

Awake At Night: S3-Episode 21: There Is Hope

Brazzaville visit to CSI Pilote du Diabete with Health workers at a local government clinic. 2018 - Photo: ©CSI/Dr. Soumya Swaminathan 'When it comes to a pandemic, it really needs global collaboration and solidarity because the pathogens and viruses More>>

UN: Growing Calls For Revamping Development Financing To Ensure Sustainable Global Recovery From COVID-19 Pandemic

Forum to highlight new initiatives to tackle inequalities exacerbated by pandemic With many economies reeling as a result of the COVID-19 pandemic, and as inequalities continue to widen, world leaders will discuss options to unlock concrete investments ... More>>