|[Published: Sunday April 29 2007]
UN-BACKED FUND AGAINST DISEASE SEEKS TORAMP UP SPENDING BY 2010
Geneva , (APA) - The United Nations-backed GlobalFund to Fight AIDS, Tuberculosis and Malaria needs to treble its spending by2010 to keep up with demand for its financing that is projected to rise aroundthe world, especially in developing countries, the Funds Board announced aftera meeting in Geneva .
The Fund is seeking between $6 billion and $8 billion each year from 2008 to2010, depending on the level of demand in the worlds poorest countries.
Executive Director Michel Kazatchkine called the new projected spending aninspiring challenge to both donors and the people who work on Fund-backedprojects in more than 130 nations.
The Boards vision of tripling or even quadrupling the size of the Global Fundis a strong vote of confidence for our work. Programmes we support arecurrently saving 3,000 lives per day, Dr. Kazatchkine said.
The increase in funding will allow the world to do much, much more, to reachG-8 and UN goals like providing AIDS treatment to all who need it, having everyAfrican child sleep under a bed net, and cutting the death toll of TB in half.
Recognizing that raising $6-8 billion per year requires substantially increasedcontributions, the Board called on all stakeholders to play their part tomobilize the extra funding. Donors will meet in Berlin in September to secure initial fundingpledges for the period 2008-2010.
Set up in 2002 on the initiative of then Secretary-General Kofi Annan, theGlobal Fund is a public-private partnership that has committed $7.1 billion sofar to fight AIDS, tuberculosis and malaria in 136 countries. The threediseases kill more than 6 million people a year, and that number is growing.
The Fund works closely with international partners, including the Joint UNProgramme on HIV/AIDS (UNAIDS) and the UN World Health Organization (WHO).(APA)
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