United Kingdom Forwards $5.3M to Global Fund To Address Funding Shortfall
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The United Kingdom announced on Thursday that it has "brought forward" to this year $5.3 million of its 2005 pledge to the Global Fund to Fight AIDS, Tuberculosis and Malaria to help ensure that the United ...
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Donors pledged $9.7 billion to the Global Fund to Fight AIDS, Tuberculosis and Malaria at a fund-raising conference in Berlin, well short of the $15 billion to $18 billion the fund had hoped to raise.
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The UK should stump up an extra Â£1.2bn to help developing countries deal with the effects of climate change, Oxfam said today.
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The UK financial services sector saves close to Â£1.5bn a year by moving services offshore, a report suggests.
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US global AIDS Coordinator Randall Tobias earlier this week gave developed countries a September extension to contribute US $243 million to fulfil their pledges to the Global AIDS Fund.
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A fund set up to help combat three of the world's most widespread diseases will support another round of projects, organizers said Thursday, after the United States dropped its objections to financing provisions.
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Bank of England expected to push rates up to 5.75%.
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With the U.S. economy likely to slow next year, many investors are looking to add more international exposure to their portfolios in hopes of winning higher returns. A number of global mutual funds offer what seems like easy one-stop shopping, but experts warn that all are not created equal.
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The British government pledged 15 million pounds (21.3 million euros, 28.9 million dollars) for the aid effort to help survivors of the tidal waves which have devastated Asian coastlines.
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GLASGOW, May 25 (IPS) - That shortcut has been waiting a while, to be    used more often. That governments and other donors in the North  begin   to fund civil society in the South directly, and not  route the money   through northern NGOs.
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A credit-strapped world turns to the funds of the Middle East and Asia.
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The Bank of England has lent banks Â£10bn, a move that should ease the impact of the global credit crunch.
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The UK and other developed countries are meeting to plan ways to spend aid more effectively in poor countries.
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Commercial banks sought slightly more funds than were available Tuesday in a three-month offer of cash made under a special refinancing arrangement announced last week, the Bank of England said.
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A global fund designed to shrink the technology gap between rich and poor is to be launched in November.
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The Bank of England provided emergency funding to mortgage lender Northern Rock PLC on Friday after the bank, citing the global credit squeeze triggered by the U.S. subprime mortgage crisis, said it was unable to line up short-term loans from other financial institutions. Even after the central bank issued a statement saying Northern Rock was solvent, slow moving lines of customers snaked through its doors to make withdrawals.
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US and UK also due to announce economic support at donor conference expected to raise billions of pounds