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Global AIDS Fund faces cash shortfall

    JOHANNESBURG

    Money woes have forced the Global AIDS Fund to delay the timeframe for accepting new funding applications by six months.

    The proposal round, originally expected in June this year, will now only occur in November because of "uncertainty about the money that will turn out to be available in 2005," said Richard Feachem, executive director of the fund.

    Global HIV/AIDS funding has risen sharply over the past two years, with $4.7 billion contributed by public and private sources in 2003, and $10 billion anticipated annually by 2007. But the UN estimates that $12 billion a year will be needed by 2005 and $20 billion annually by 2007.

    UN Secretary-General Kofi Annan recently urged the US to give $1 billion to the Global Fund for 2005.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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