Microsoft founder throws The Global Fund a $750 million lifeline

The Bill and Melinda Gates Foundation have thrown The Global Fund a $750 million lifeline

Microsoft founder and philanthropist Bill Gates, through the Bill and Melinda Gates Foundation, has thrown The Global Fund to Fight AIDS, Tuberculosis and Malaria (The Global Fund) a $750 million lifeline coinciding with the group’s 10th-anniversary. Describing The Global Fund as one of the most “effective entities” the Gates Foundation supports, the former Silicon Valley tycoon and world’s second wealthiest man said he was disappointed at the focus on reports last year which detailed the misappropriation of some funds in Africa, saying “if you’re going to do business in Africa, you’re going to have some losses”. Mr Gates said it is “disappointing” to see some people focus on a “small misuse of funds. The internal checks and balances have worked … Continue reading

Global Fund to freeze HIV, TB, Malaria grants for two years

For HIV / AIDS patients in developing nations the majority of funding for treatment, care, and prevention in recent years has been supplied by the Global Fund to Fight AIDS, Tuberculosis and Malaria (Global Fund), with more than 200 million people globally benefiting from its grant disbursement programs. However, all of that is set to come to a rapid halt following an announcement last week that the Global Fund will only be able to finance essential services for on-going programs that come to their conclusion before 2014. Though nicely dressed up in gobbledygook double-speak, the sudden announcement has sent NGOs and those who work with HIV / AIDS patients into a frenzy, with no new programs to be funded for … Continue reading