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Article

1 Dec 2006

Author:
Andrew Jack, Financial Times

Business and AIDS: In need of a new source of funds

The Global Fund to Fight AIDS, TB and Malaria] is seeking new sources of government funding, including from the oil-rich states of the Middle East [and it has lifted its] ban on in-kind donations, which [can] offer a way for the private sector to give much more...It has received the first $10m earmarked for work with women and children with HIV in Africa from Product Red, the campaign through which companies, including American Express, Motorola, Armani and Gap, pledge a percentage of the profits from a special range of consumer products and services…In addition, Unitaid, the new French-led international drug purchase facility, is just beginning operations. It is set to raise more than $400m a year from more than 19 countries that have pledged support, a number through an airline tax. But...there is still a need for many of the most affected countries to do more for themselves. [also refers to BroadReach Healthcare]

Part of the following timelines

Business & AIDS 2006

World AIDS Day - 1 December 2006