Thursday, August 04, 2005

Euros add to Global Fund

Seems like small change to me - didn't Japan just promise like $500 million?

The European Commission on Monday announced it has donated about $70 million to the Global Fund To Fight AIDS, Tuberculosis and Malaria, VOA News reports. The donation brings the EC's total commitments to the fund since 2002 to more than $500 million (VOA News, 8/1). The EC is the second-largest contributor to the Global Fund after the U.S.

The Global Fund to Fight AIDS, Tuberculosis and Malaria is the multilateral institution that is the best hope for fighting three of the biggest killers in the world. It has been underfunded for its entire existence, as the US and other countries have repeatedly failed to meet their fair shares of the need. Here's info on the funding gap.

If you are mad about CAFTA and want to do something meaningful over the next few days, I recommend giving your congresspersons a few calls and ask that they support appropriating $930 million (the US fair share) for the Global Fund for FY2006.

... checked out the excel sheet on the GF page - very informative. Japan, it seems, has pledged $500 million but has not set a period for the pledge. The EC, while they have pledged less, have actually paid more out than any nation save the US. So, the EC is cool, but could still use some work.

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