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Gerald R Ford School of Public Policy ** Integrated Policy Exercise ** January 2003

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Global Fund Needs $2 Billion Next Year, Officials Say

Access this story and related links online: http://www.kaisernetwork.org/daily_reports/rep_index.cfm?DR_ID=14021

Officials with the Global Fund to Fight AIDS, Tuberculosis and

Malaria said on Friday that the fund will need an additional $2 billion

in funds for next year, $4.6 billion for 2004 and as much as $20 billion

for 2007, the Washington Post reports (Brown, Washington Post, 10/12).

Global Fund Director Richard Feachem earlier this month said that the

fund will run out of money by the middle of next year unless it receives

new donations, adding that no substantial pledges have been made in

months and that private-sector donations have been particularly low. The

fund has received $2.1 billion in pledges but has collected only $500

million (Kaiser Daily HIV/AIDS Report, 10/8). The first round of grants

-- a total of $616 million for projects in 40 countries -- was made in

April, and Feachem said funds are not currently available to cover the

second round of grants, scheduled for January. The Wall Street Journal

reports the fund still needs $154 million to fulfill its agreements in

the first round of grants (Bank, Wall Street Journal, 10/14). According

to the Post, the increased estimates stem from an higher number of

applications in the second round and "the expectation that a higher

percentage of them will be considered worth funding" (Washington Post,

10/12). "We need huge amounts of additional money quickly," Feachem

said, adding, "Any delay now will be measured by millions of lives lost

and billions of dollars of additional cost to later respond to the

expanded epidemics" (Wall Street Journal, 10/14).

NPR's "All Things Considered" on Oct. 11 reported on the fund's need for

more money. The segment includes comments from Anne Peterson, assistant

administrator for global health at USAID; Stephen Lewis, U.N. special

envoy on HIV/AIDS in Africa; and Jeffrey Sachs, director of Columbia

University's Earth Institute and a special adviser to U.N.

Secretary-General Kofi Annan (Wilson, "All Things Considered," NPR,

10/11). The full segment is available online in RealPlayer Audio.