Projects meant to protect people against malaria and other diseases are threatened by the lack of funding.
The severe shortage in donations to Global Fund to Fight Aids, TB and Malaria determined the worldwide funding body to announce that it will not make any will make no new grants until 2014.
Even if the worldwide funding body asked donors for $20bn, it received only $11.5bn due to current economic crisis.The amount is even less than the least $13bn target established by the fund to keep up programmes running until 2014. The decision alarmed the HIV charities which stated that this it’s the worst possible time for money to be withdrawn. Member organizations of The HIV/Aids Alliance rely heavily on funding from Global Fund to Fight Aids, TB and Malaria.
This is the first time in Global Fund to Fight Aids, TB and Malaria’s 10 years history that the fund cancelled its three-yearly funding round.
However, for the past years, the fund has been facing accusations of failing to ensure that the money reached the people in need. Due to these accusations some donor countries, including Germany and Sweden, decided to hold back funding temporarily.
Categories: Features & Analysis