AIRLINK 73.18 Increased By ▲ 0.38 (0.52%)
BOP 5.00 Decreased By ▼ -0.06 (-1.19%)
CNERGY 4.37 Increased By ▲ 0.04 (0.92%)
DFML 29.95 Decreased By ▼ -0.57 (-1.87%)
DGKC 91.39 Increased By ▲ 5.44 (6.33%)
FCCL 23.15 Increased By ▲ 0.80 (3.58%)
FFBL 33.50 Increased By ▲ 0.28 (0.84%)
FFL 9.92 Increased By ▲ 0.14 (1.43%)
GGL 10.35 Decreased By ▼ -0.05 (-0.48%)
HBL 113.01 Decreased By ▼ -0.61 (-0.54%)
HUBC 136.28 Increased By ▲ 0.08 (0.06%)
HUMNL 9.60 Decreased By ▼ -0.43 (-4.29%)
KEL 4.78 Increased By ▲ 0.12 (2.58%)
KOSM 4.72 Increased By ▲ 0.32 (7.27%)
MLCF 39.89 Increased By ▲ 1.54 (4.02%)
OGDC 133.90 Increased By ▲ 0.50 (0.37%)
PAEL 28.85 Increased By ▲ 1.45 (5.29%)
PIAA 25.00 Increased By ▲ 0.24 (0.97%)
PIBTL 6.94 Increased By ▲ 0.39 (5.95%)
PPL 122.40 Increased By ▲ 1.19 (0.98%)
PRL 27.40 Increased By ▲ 0.25 (0.92%)
PTC 14.80 Increased By ▲ 0.91 (6.55%)
SEARL 60.40 No Change ▼ 0.00 (0%)
SNGP 70.29 Increased By ▲ 1.76 (2.57%)
SSGC 10.42 Increased By ▲ 0.09 (0.87%)
TELE 8.85 Decreased By ▼ -0.20 (-2.21%)
TPLP 11.32 Increased By ▲ 0.06 (0.53%)
TRG 66.57 Increased By ▲ 0.87 (1.32%)
UNITY 25.20 Decreased By ▼ -0.05 (-0.2%)
WTL 1.55 Increased By ▲ 0.05 (3.33%)
BR100 7,674 Increased By 40.1 (0.53%)
BR30 25,457 Increased By 285.1 (1.13%)
KSE100 73,086 Increased By 427.5 (0.59%)
KSE30 23,427 Increased By 44.5 (0.19%)
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.