China, India Should Open Wallet for AIDS War: Global Fund
August 2, 2010
Countries with emergent economies could help the Global Fund to Fight AIDS, TB and Malaria overcome an impending shortfall in resources, its executive director says.
"The Chinese told me they would think about it," Kazatchkine said. "Let's not forget that in terms of [gross national product] per head, China ranks in the hundreds in the world league table. I don't say it is a poor country," I would call it a country with poor people."
Raising scarce money could require innovative financing, such as the micro-tax on foreign exchange transactions proposed by some activists.
"I think it is not impossible, as far as Europe is concerned, to have a tax on euro transactions," Kazatchkine said. "But I am hearing that certain finance ministers want this tax to be used as a buffer for future bank crises, rather than go towards development aid."
The Global Fund has provided $964 million to China, 40 percent of which targets HIV/AIDS. In India, the fund has invested $995 million, two-thirds of which goes toward fighting HIV/AIDS.
Russia has set the precedent for transitioning from a recipient country to a Global Fund supporter. Flush with energy profits in 2006, officials there said they would reimburse the Global Fund for $270 million in projects.
Agence France Presse
This article was provided by U.S. Centers for Disease Control and Prevention. It is a part of the publication CDC HIV/Hepatitis/STD/TB Prevention News Update. Visit the CDC's website to find out more about their activities, publications and services.
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