On April 15, President Donald Trump tweeted that the US is halting funding of the World Health Organization (WHO) and will carry out a review to assess the agency’s role in mismanaging the coronavirus outbreak. In a quick response, the same day, billionaire philanthropist and Microsoft Cofounder Bill Gates said in a tweet that ending support for the WHO during a world health crisis is as dangerous as it sounds. Their work is slowing the spread of Covid-19 and if that work is stopped, no other organisation can replace them. The world needs WHO now more than ever, Gates tweeted.
Both tweets carry immense weight. The US government is the biggest donor of the WHO. Bill and Melinda Gates Foundation (BMGF) is the second-largest. Both entities together account for nearly a quarter of the WHO's $5.3-billion funding expected from various quarters for the 2020-21 biennium. Any disruption in the fund flow can impact the budgetary plans of the WHO, half of which goes into managing acute health emergencies and polio eradication programmes across the world. The tweets suggested that the credibility and financial flexibility of the 72-year-old organisation was at stake, or at least the US wanted to give that impression, at a time when the WHO's efforts are needed most.
$2.4 bn WHO’s current annual budget
80% Donor contribution to the budget
$5.3 bn Expected funding in 2020 and 2021
Diese Geschichte stammt aus der July 12, 2020-Ausgabe von Business Today.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der July 12, 2020-Ausgabe von Business Today.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Pension Scheme - Safety Net
The move to introduce the UPS has evoked mixed reactions. Analysts believe its funding will have limited impact on the fiscal math
The Reit Choice?
Real Estate Investment Trusts (Reits) Are Gaining Traction As Interest Rates Stabilise. But Returns Could Be Affected By Adverse Economic Conditions And Market Volatility
CORPORATE - Calling to Account
The sudden exit of Byju's auditor BDO marks the latest in a long series of setbacks for the edtech firm
EMPLOYMENT: Skills Push
The skill development ministry plans to partner with the UGC to improve the employability of undergraduates
Building on a Vision
L&T'S CHAIRMAN EMERITUS A. M. NAIK HAS BUILT A MAMMOTH ENTERPRISE THAT IS BUILDING A NEW INDIA, FROM ITS METRO RAIL SYSTEMS TO THE RAM TEMPLE
"KYS more important than KYC"
Vijay Kedia is a renowned equity investor; the value of his listed portfolio stands at around ₹1,750 crore
ROXX STAR
THE THAR ROXX COMBINES LUXURY WITH PERFORMANCE TO MAKE A STRONG STATEMENT IN THE MID-SIZE SUV SEGMENT
HIT THE GROUND RUNNING
Smartwatches have become indispensable tools for runners, offering real-time insights into pace, distance, heart rate, and more. Here are a few you can consider
TURNING THE TABLES
INDIA'S FURNITURE MARKET IS POISED FOR A GLOBAL TAKE-OFF. ALREADY, A HOST OF GLOBAL BRANDS HAVE MADE THE COUNTRY THEIR HOME, BUT INDIAN COMPANIES ARE NOT TOO FAR BEHIND
THE EVOLUTION OF ATHERA
IDENTIFYING OPPORTUNITIES IN ADVANCE HAS STOOD THIS BENGALURU-BASED VC FUND IN GOOD STEAD. NOW, WITH A HEIGHTENED FOCUS ON TECHNOLOGY, IT WANTS TO SUSTAIN THE SUCCESS