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International News

Donors Pledge $12 Billion to Global Fund for 2014-2016

December 4, 2013

"The world's donor countries on Tuesday pledged $12 billion over three years to the Global Fund to Fight AIDS, Tuberculosis and Malaria," the New York Times reports. "The amount was more than the fund took in at its last pledge conference in 2010, but less than the $15 billion it had hoped for. And it is far short of the ambitious goal of $10 billion a year set when the fund was created in 2002," according to the newspaper (McNeil, 12/3). "The pledges represent a 30 percent increase over the $9.2 billion in firm pledges secured in 2010 for the 2011-2013 period," a Global Fund press release states, adding, "The contributions announced [Tuesday] include funding from 25 countries, as well as the European Commission, private foundations, corporations and faith-based organizations." On Monday, President Barack Obama "

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