Sunday, February 6, 2011
UN-supported organization to crack down on global AIDS fund
After speculations have suggested that billions of dollars have disappeared from the Global Fund Against AIDS, Tuberculosis, and Malaria, the organization has vowed to strengthen their security against corruption. This announcement comes after Germany, the fund's third-largest financial supporter after the U.S. and France, suspended aid to the organization. The fund has a budget of $22 billion. The majority of the money has disappeared in four African countries, including Mali, Mauritania, Djibouti, and Zambia. In Djibouti's case, millions of dollars stolen from the fund were used to buy cars and motorcycles. Money is not the only thing missing, however. Large quantities of anti-malarial drugs have also been stolen and then sold on the black market.