Global Fund, China agree to cut $95m from grants

Author: 
ASSOCIATED PRESS
Publication Date: 
Mon, 2011-10-31 12:39

The Global Fund to Fight AIDS, Tuberculosis and Malaria’s spokesman in Geneva Jon Liden said Monday that during recent discussions, China moved to take over most training expenses and other costs that allowed the saving of about $95 million from unpaid grants.
The cut makes up nearly a third of the $270 million in grants that had been in the pipeline for China.
The move also comes as the Fund has come under scrutiny from donors after disclosing alleged fraud in its grants in some other countries.

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