ActionAid is calling on G8 nations to pay their fair share to the Global Fund to combat Aids.
In a new report, the international development charity claims that inadequate funding by the G8 nations is undermining the biggest-ever global initiative against Aids.
The G8 group of wealthy nations launched the Global Fund to Fight Aids, TB and Malaria in 2001 to mobilise the additional money needed to fight the HIV/Aids epidemic. However, it remains seriously under-funded, according to the charity.
Although G8 leaders, including Tony Blair have made verbal commitments to address the epidemic, progress on funding remains slow. Of all the G8 countries, only France is contributing its fair share to the Global Fund relative to the size of its economy.
The UK currently has a shortfall in its donations to the Global Fund for 2005 of £74 million. It has pledged £32 million against a fair share estimate of £106 million. The US has slashed its pledge to the Fund by 64% from US$547 million in 2004 to US$200 million in 2005.
Leaders of the G8 nations are meeting in Sea Island in Georgia, USA, from 8 to 10 June 2004.
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