Global Fund board approves US$ 2.75 billion to fight AIDS

Lusaka- Zambia (PANA) -- Global Fund to Fight AIDS, Tuberculosis and Malaria Mond ay announced the board’s approval of 94 new grants, worth US$ 2.
75 billion, over two years.
It is the eighth time the Global Fund Board approved new proposals to support pr ogrammes fighting the three diseases and it is the largest round in the history o f the organisation, well over twice the size of any previous round.
According to a press statement issued by the fund from Geneva, the decision was made in New Delhi, India, over the weekend, where the Global Fund held its board meeting.
Ninety per cent of the approved grants are for low-income countries, with the ma jority of resources – 77 per cent – for Africa and the Middle East.
Asia and the Western Pacific will receive 14 per cent of the newly approved fund ing, Latin America and the Caribbean 6 per cent and Eastern Europe and Central A s ia 6 per cent.
Of the approved proposals, the majority of resources go to malaria programmes, a ccounting for 51 per cent.
Proposals for AIDS and tuberculosis account for 38 per cent and 11 per cent resp ectively.
“Round 8 now brings the Global Fund’s overall portfolio to US$ 14.
4 billion in 1 40 countries.
This is the highest amount of new financing approved by the Global Fund ever.
"These new resources will significantly help the world in achieving global targe ts such as universal access to AIDS treatment and prevention and cutting the num b er of deaths from tuberculosis and malaria by half by 2015,” said Rajat Gupta, c h air of the Global Fund Board.
“This exceptional expression of increased demand requires a renewed resource mob ilisation effort,” Michel Kazatchkine, the Executive Director of the Global Fund , said.
“We have a fantastic message to bring back to the rich nations of the world: pro grammes to fight these three diseases save lives, reduce disease burdens and str e ngthen health systems.
We are asking you for resources for an effective way to r e duce the gap between rich and poor and build a better and safer world,” he added .
The Global Fund’s next funding round will be approved in November 2009.

10 november 2008 20:21:00

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