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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: Fund faces $4B shortfall; AIDS deaths could rise By MICHAEL CASEY,Associated Press Writer AP - 2 hours 43 minutes ago BANGKOK - A global health fund said Monday that it is facing a shortfall of as much as $5 billion that could rob the most vulnerable people of access to AIDS drugs and keep mosquito nets from children. ADVERTISEMENT Michel Kazatchkine, executive director of the U.N.-backed Global Fund to Fight AIDS, Tuberculosis and Malaria, said he was concerned that some rich nations may be considering cuts in overseas development in light of the global economic crisis. But he said now was not the time to reduce spending on health in developing countries and that the money his agency is asking for is a drop in the bucket compared to the public funds for the financial sector. "We are facing a challenge," Kazatchkine said in an interview after attending a Bangkok conference aimed at reducing the harmful effects of drug use. He added: "The amounts we are talking about are very small. ... They are small compared to what you hear can be raised in a few weeks to bail out banks." Kazatchkine said donor funding for the period running from 2008 until 2010 stands at $9.5 billion, short of the $13.5 billion to $14.5 billion needed. Without the requested funding from donors, Kazatchkine warned that some of the youngest and sickest in the developing world will pay the price. He said, for example, that funding shortages would mean fewer children receive bed nets that have proven effective in preventing malaria while AIDS patients may not get the medicines they need. "When it comes to AIDS, many people who come for treatment in the developing world are people detected at relative late stage of disease," he said. "These people are at high risk of dying within two years. Delaying access to treatment will certainly put a lot of lives in danger." Since its creation in 2002, the Global Fund has committed US$15.6 billion in 140 countries to support large-scale prevention, treatment and care programs against AIDS, malaria and tuberculosis. The United States is the biggest of the 50 donors to the fund, providing 28 percent of all donations. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: Asia Pacific Sri Lanka military helps 35,000 civilians fleeAP - 29 minutes ago Low-cost cholera vaccine developedAP - 1 hour 30 minutes ago China to build 5 nuclear power plants this yearAP - 2 hours 3 minutes ago Thai anti-government leader promises more protestsAP - 2 hours 18 minutes ago Fund faces $4B shortfall; AIDS deaths could riseAP - 2 hours 46 minutes ago Most Popular – Asia Pacific Viewed Police nab Norwegian pair during high-speed sex 'Beginner's luck' may lay trail to Cleopatra tomb 'Dracula bandit' gets 20-yr jail sentence Mummies found in ancient Egypt burial chamber Hopes dim for US-Cuba thaw View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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