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[Eric K. Noji, M.D.]

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$2.4 Billion To Fight Killer Diseases
6:48 PM | Posted by Eric K. Noji, M.D. | Edit Post
Friday, 13 November 2009, 9:17 am
Press Release: United Nations

UN-Backed Global Fund Awards $2.4 Billion To Fight Killer Diseases Over Next Two Years

New York, Nov 12 2009 10:10AM The United Nations-backed Global Fund today announced that it has approved new grants worth $2.4 billion to projects aimed at fighting AIDS, tuberculosis and malaria in low-income countries over the next two years.

This latest round of grants bring the Global Fund's overall commitment to combating the three diseases - which estimates say kill over 4 million people each year - to more than $18.4 billion for 144 countries since it was created in 2002.

"These grants enable countries around the world to address some of the main problems they are struggling with every day," said Tedros Adhanom Ghebreyesus, Chair of the Global Fund Board of Directors.
"These grants are based on the countries' own needs and priorities and they are therefore a particularly effective source of financing," added Dr. Ghebreyesus.
The Fund also approved the roll-out of a $216 million pilot scheme to reduce prices for effective malaria medicines for nine African countries and Cambodia. The initiative has been funded with contributions from UNITAID, the United Kingdom and the Bill and Melinda Gates Foundation.

"We are seeing a tremendous demand for funding," said Global Fund Executive Director Michel Kazatchkine.