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World Bank triples funds for healthcare amid crisis

Posted Sep 25 2009 3:30pm
As the global economic crisis continues, the World Bank has tripled its funds for healthcare in order to provide relief to developing countries. Reuters reports that a new World Bank report said it would increase its healthcare funding from $1 billion last year, with evidence already that some governments are facing difficulties in affording HIV/AIDS drug therapies.
Preliminary findings from a March 2009 World Bank survey in 69 countries, which offer treatment to 3.4 million people on anti-retroviral treatment, shows that eight countries now face shortages of anti-retroviral drugs or other disruptions to AIDS treatment. No word yet if this tripling of funding will include help for Mexico's swine flu epidemic.
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