U.S. Will Increase AIDS Fund Donation

Oct. 5, 2010
By Betsy McKay
The Obama administration is expected to announce a large increase in its pledge to the Global Fund to Fight AIDS, Tuberculosis and Malaria, and to call for reform of the organization.

The pledge of $4 billion over the next three fiscal years to the Geneva-based organization comes as governments and donors around the world have slowed increases in spending to combat HIV/AIDS, with weaker economies straining budgets.

At the same time, pressure has grown on the Global Fund to speed up disbursements, slash bureaucracy and review grant proposals more critically.

© 2010 Dow Jones & Company, Inc.

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