New From the AIDS Conference -- a Need for New Money
The man responsible for distributing much of the world's anti-AIDS money says he is seeking contributions from new players such as China and the Gulf states.
About 76 percent of the Global Fund to Fight AIDS, TB and Malaria presently comes from G-8 countries, according to the fund's executive director, Michel Kazatchkine. But he knows he needs to find new sources.
"We are quite active with oil-rich countries," Kazatchkine told reporters at the International AIDS Conference Wednesday. In the last four months he's made several trips to Kuwait and Saudi Arabia trying to secure contributions to the fund.
"It takes time before you can bring those people to the table," he said. "We're also in discussions with China."
Recently, Russia began reimbursing the Global Fund for part of the $300 million it received, a model which Kazatchkine hopes to apply to other middle- and upper-income countries. The idea is to provide up-front capital for HIV initiatives and recoup that seed money once programs are up and running, he said.
Since its inception in 2001, the Global Fund has distributed $3.5 billion in grants to fight AIDS, and the total lifetime budget to date is $8.8 billion. The G8 countries, which include the United States, Canada, France and Germany, have yet to pay up about 65 percent of the amounts they committed to, Kazatchkine said.
by Ceci Connolly
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