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October 6, 2010

Fundraising Falls Short on UN Global Fund to Fight AIDS, Tuberculosis and Malaria
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The United Nations says millions of people will be denied life-saving
treatment after donors failed to meet the minimal fundraising level
sought by the Global Fund to Fight AIDS, Tuberculosis and Malaria. On
Tuesday, UN Secretary-General Ban Ki-moon said the fund has raised over
$11.5 billion, short of its austerity level fundraising target of $13
billion.

Secretary-General Ban Ki-moon: "Today we raised more than $11.5 billion
for the Global Fund to Fight AIDS, Tuberculosis and Malaria. This is
more than we did the last time at the last replenishment conference, and
it is enough to give millions of people living in fear a new lease on
life."

The fund needed $13 billion to keep up with its current treatment of
three million people with AIDS. It had sought $20 billion to increase
that to five million. The Obama administration pledged $4 billion to the
fund, $2 billion short of the amount sought by AIDS activists and some
members of Congress. In a statement, the group Health GAP said it was
profoundly disappointed in the US pledge, adding, "President Obama has
found billions to bail out Wall Street and to continue wars. We urge him
to find a way to do the same to save lives around the world."



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