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AIDS spending on the rise - World Bank

    JOHANNESBURG

    Resources to tackle global HIV/AIDS have increased over recent years, from US $300 million in 1996 to $8 billion this year, according to a new World Bank report released during last week's international AIDS conference in Nigeria.

    Titled 'The World Bank's Global HIV/AIDS Programme of Action', the report said funding for AIDS in Africa had risen from an average of $10 million annually a decade ago to more than $250 million annually over the last four years.

    The report also laid out the Bank's future role in addressing the pandemic, saying it would remain a "major financier of AIDS activity globally", particularly in central and West Africa.

    The Bank has highlighted the importance of "predictable, multiyear bank funding" in helping hard-hit countries ensure sustainability of their anti-AIDS programmes.

    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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