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International News
Global Fund, China Agree to Cut $95 Million From Grants

October 31, 2011

The Global Fund to Fight AIDS, TB and Malaria has reached agreement with China to cut $95 million from grants to the nation. The move comes amid pressure by fund donors to prevent the misuse of money and to reduce the amount of aid given to China, the world's second-largest economy. Today in Geneva, fund spokesperson Jon Liden said that in recent discussions, China moved to take over most training expenses and other costs for disease-fighting programs, saving the fund about $95 million from unpaid grants. The reduction accounts for nearly one-third of the $270 million in grants that had been set aside for China.

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Excerpted from:
Associated Press
10.31.2011




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