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International News

Germany to Withhold $270 Million Pledge to Global Fund Pending Investigation of Corruption

January 26, 2011

Germany's development ministry on Wednesday "said its pledge of €200 million ($270 million) will be withheld from the Global Fund to Fight AIDS, Tuberculosis and Malaria pending a full investigation by Germany into the corruption that the fund's own investigators are turning up," the Associated Press reports. A ministry spokesman who spoke to the AP on condition of anonymity "said it was demanding that the fund shed more light on the $34 million in losses due to forged documents, improper bookkeeping and other widespread fraud and has summoned a Global Fund representative to discuss the reports," the news service writes (Heilprin, 1/26). "The news of corruption couldn't have come at a worse time -- just days before the start of the World Economic Forum in Davos, where the Global Fund traditionally maintains a high profile in the hope of attracting new support from the rich, the famous and the powerful," Deutsche Welle reports (1/26).

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This information was reprinted from kff.org with permission from the Henry J. Kaiser Family Foundation. You can view the entire Kaiser Daily Global Health Policy Report, search the archives, and sign up for email delivery. © Henry J. Kaiser Family Foundation. All rights reserved.




This article was provided by Henry J. Kaiser Family Foundation. It is a part of the publication Kaiser Daily Global Health Policy Report. Visit the Kaiser Family Foundation's website to find out more about their activities, publications and services.
 
See Also
AP Reports on Global Fund Grant Money Lost to Corruption, Global Fund Responds

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