AIRLINK 76.98 Decreased By ▼ -0.86 (-1.1%)
BOP 4.87 No Change ▼ 0.00 (0%)
CNERGY 4.22 Decreased By ▼ -0.06 (-1.4%)
DFML 41.79 Decreased By ▼ -3.21 (-7.13%)
DGKC 84.73 Decreased By ▼ -1.24 (-1.44%)
FCCL 22.39 Decreased By ▼ -0.06 (-0.27%)
FFBL 31.45 Decreased By ▼ -0.55 (-1.72%)
FFL 9.35 Decreased By ▼ -0.15 (-1.58%)
GGL 10.16 Increased By ▲ 0.07 (0.69%)
HASCOL 6.41 Decreased By ▼ -0.14 (-2.14%)
HBL 108.60 Decreased By ▼ -3.40 (-3.04%)
HUBC 140.49 Decreased By ▼ -0.71 (-0.5%)
HUMNL 10.52 Decreased By ▼ -0.45 (-4.1%)
KEL 4.85 No Change ▼ 0.00 (0%)
KOSM 4.23 Decreased By ▼ -0.12 (-2.76%)
MLCF 37.69 Decreased By ▼ -0.56 (-1.46%)
OGDC 126.64 Decreased By ▼ -2.25 (-1.75%)
PAEL 25.03 Decreased By ▼ -0.48 (-1.88%)
PIBTL 6.26 Decreased By ▼ -0.10 (-1.57%)
PPL 116.29 Decreased By ▼ -1.21 (-1.03%)
PRL 25.74 Decreased By ▼ -0.06 (-0.23%)
PTC 13.60 Decreased By ▼ -0.14 (-1.02%)
SEARL 56.59 Decreased By ▼ -0.50 (-0.88%)
SNGP 63.20 Decreased By ▼ -1.79 (-2.75%)
SSGC 9.98 Decreased By ▼ -0.02 (-0.2%)
TELE 8.00 Decreased By ▼ -0.12 (-1.48%)
TPLP 10.14 Decreased By ▼ -0.21 (-2.03%)
TRG 66.02 Increased By ▲ 0.78 (1.2%)
UNITY 26.83 Decreased By ▼ -0.02 (-0.07%)
WTL 1.33 Decreased By ▼ -0.01 (-0.75%)
BR100 7,773 Decreased By -61.6 (-0.79%)
BR30 24,963 Decreased By -281.2 (-1.11%)
KSE100 74,219 Decreased By -447.2 (-0.6%)
KSE30 23,779 Decreased By -139.4 (-0.58%)
World Print 2020-05-28

WHO launches foundation to put finances in better health

The World Health Organization on Wednesday launched a new foundation for private donations, as US President Donald Trump threatens to pull the plug over its handling of the COVID-19 pandemic.
Published 28 May, 2020 12:03am

The World Health Organization on Wednesday launched a new foundation for private donations, as US President Donald Trump threatens to pull the plug over its handling of the COVID-19 pandemic.
The UN health agency launched the independently-run WHO Foundation, which the organisation hopes will give it greater control to direct philanthropic and public donations towards pressing problems such as the coronavirus crisis.
Trump, accusing the WHO of mismanaging the pandemic, has frozen US funding and could pull out of the organisation next month if he does not see what he believes to be satisfactory changes.
Trump claims the WHO is too close to Beijing and covered up the initial outbreak in China.
The vast majority of the WHO's budget is in voluntary contributions which go straight from countries and other donors to their chosen destination.
The WHO therefore only has control over the spending of countries' "assessed contributions" membership fees, which are calculated on their wealth and population.
WHO director-general Tedros Adhanom Ghebreyesus launched the new foundation at the organisation's headquarters in Geneva.
"One of the greatest threats to WHO's success is the fact that less than 20 percent of our budget comes in the form of flexible assessed contributions from member states, while over 80 percent is voluntary contributions, which are usually tightly earmarked for specific programmes," he said.
"There is a clear need to broaden our donor base, and to improve both the quantity and quality of funding we receive - meaning more flexibility."
The new foundation will facilitate contributions from the general public, individual major donors and corporate partners to the WHO. Its goal is to help the organisation achieve more sustainable and predictable funding. Given the ongoing coronavirus crisis, the WHO Foundation will focus initially on emergencies and pandemic response.
On May 18, Trump threatened to freeze US funding to the WHO permanently and reconsider its membership unless "substantive improvements" were made within the next 30 days.
The United States, comfortably the biggest contributor to the WHO's budget, has already suspended funding.
Tedros insisted the new grant-making funding stream was not related to Trump's threat to freeze its contributions.
"It has nothing to do with the recent funding issues," he said, detailing that greater financial flexibility had been among his long-term reform plans since taking over the organisation in July 2017.
But the move is certainly timely. The novel coronavirus has infected at least 5.6 million people and killed more than 350,000 people since the outbreak first emerged in December, according to a tally from official sources compiled by AFP.

Copyright Agence France-Presse, 2020

Comments

Comments are closed.