Economic Crisis Hits Global Health Funding

The Global Fund to Fight AIDS, Tuberculosis, and Malaria is facing a $5 billion funding shortfall through 2010.  The global health financing institution has provided over $14.9 billion in grants to 140 countries since its inception.  The Global Fund has had notable successes: malaria cases in Rwanda have decreased by two thirds and by 80% in Eritrea.

The funding shortfall is due to increased requests by recipient countries, rather than falling donor contributions.  However, the US has yet to approve its 2009 contribution.  In fact the US is already $1 billion behind in pledges made under the Bush administration.  Rajat Gupta, chairman of the Global Fund, declared that he would be satisfied if the US contributed $2 billion of the $2.7 billion it promised for 2009.

To read about MCC’s HIV/AIDS work, visit here.

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