Global Fund Disbursed Record $3 Billion in 2010, Faces More Than $1 Billion Shortfall for 2011-13, Report Says
May 20, 2011
The Global Fund to Fight AIDS, Tuberculosis and Malaria on Thursday in Paris released a report (.pdf) noting that while it disbursed a record $3 billion in 2010, the $1.3 billion shortfall if faces for 2011-2013, "threaten[s] goals to roll back diseases that together claim more than four million lives a year," Agence France-Presse reports. Pledges from nations and private sources so far amount to $11.7 billion, but the Global Fund estimates it will require at least $13 billion and up to $20 billion to cover estimated needs.
The worldwide economic downturn that began in 2008 has affected donations to the fund, and several countries suspended their donations earlier this year following reports of an internal audit showing four African nations misused Global Fund grant money, the news service notes (Hood, 5/19). According to a Global Fund press release, the report "also assesses prospects in the five year run-up to the 2015 Millennium Development Goal of bringing AIDS, tuberculosis and malaria under control" (5/19). Global Fund Executive Director Michel Kazatchkine said he plans to advocate for additional funding at the G20 meeting in Deauville, France, at the end of the month, Agence France-Presse reports (5/19).
Update on Global Fund Board Meeting
"As part of its multi-year pledge in support of the Fund, the United States called for strong reforms to improve the Fund's transparency, accountability, and fiduciary controls. I am pleased that my fellow Board members took the United States' call to action seriously," U.S. Global AIDS Coordinator Ambassador Eric Goosby writes on the State Department's "DipNote" blog about the recent Global Fund board meeting (5/17).
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.
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