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    183449

    Still in its first year, global fund faces severe funding crisis.

    Averyt A

    InterDependent. 2002 Fall; 28(2):15-16.

    To date, the Global Fund has received multi-year pledges of $2.1 billion from governments, corporations, foundations, non-profit organizations, and private individuals- a level that has remained stagnant for several months. However, as of October 10, the Fund has received only $483 million. Of the 31 countries that made pledges, only Ireland has made a complete payment, while 23 countries have made no payments at all. Feachem warned, "We need an additional $2 billion in 2003 and an additional $4.6 billion in 2004, in addition to the $2.1 billion that [has] already [been] pledged." He said these "very substantial short-term resource requirements" were needed by the Fund "pretty quickly." (excerpt)
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