Advertisement
The Body: The Complete HIV/AIDS Resource
Follow Us Follow Us on Facebook Follow Us on Twitter Download Our App
Professionals >> Visit The Body PROThe Body en Espanol
  Breaking News: FDA Approves Triumeq, New Once-Daily Combination Pill
  
  • Email Email
  • Printable Single-Page Print-Friendly
  • Glossary Glossary

International News

Global Fund Approves $2.4 Billion for Ninth Round Grants

November 13, 2009

During its recent board meeting in Addis Ababa, Ethiopia, the Global Fund to Fight AIDS, Tuberculosis and Malaria approved $2.4 billion for the three diseases, PlusNews reports. The money is for the fund's "ninth round of grants, bringing the total amount of approved funding since its inception in 2001 to $18.4 billion," according to the publication.

Tedros Adhanom Ghebreyesus, the Ethiopian health minister and chair of the Global Fund board, said, "These grants enable countries around the world to address some of the main problems they are struggling with every day" (11/13).

Global Fund Executive Director Michel Kazatchkine said, "We are seeing a tremendous demand for funding. We may not be able to continue approving such amounts of financing unless donor countries scale up their funding even further," Reuters reports. According to the news service, in July, the Global Fund said "it was facing a budget shortfall of about $3 billion as rich countries cut foreign aid in response to the global downturn" (Malone, 11/12).

Advertisement
According to a Global Fund press release, "The Global Fund Board also approved a new grant architecture to simplify management of Global Fund financing" (11/12).

The China Post writes that programs financed by the Global Fund "have put 2.3 million people on treatment for HIV/AIDS, while another 5.4 million people were treated for TB and 88 million treated nets were distributed to prevent the spread of malaria" (11/13).

Back to other news for November 2009


This information was reprinted from kff.org with permission from the Henry J. Kaiser Family Foundation. You can view the entire Kaiser Daily Global Health Policy Report, search the archives, and sign up for email delivery. © Henry J. Kaiser Family Foundation. All rights reserved.



  
  • Email Email
  • Printable Single-Page Print-Friendly
  • Glossary Glossary

This article was provided by Henry J. Kaiser Family Foundation. It is a part of the publication Kaiser Daily Global Health Policy Report. Visit the Kaiser Family Foundation's website to find out more about their activities, publications and services.
 
See Also
More on the Global AIDS Fund

Tools
 

Advertisement