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Advocates for Health Millennium Development Goals Unite to Demand World Leaders Honor Funding Commitments
Date:7/21/2009

state at this year's G-8 summit was, as usual, noble and righteous. They produced statements about their support for health systems strengthening, maternal and child health, and integrated health service delivery," said Gregg Gonsalves, a co-founder of the International Treatment Preparedness Coalition. "But, as has come to be the unfortunate pattern, the financial commitments made by the most powerful of the world were unacceptably low or worse, not made at all."

"At least a million additional lives are in jeopardy because of this economic crisis. We are calling for the world's richest countries to support their words with concrete action and back up their promises with the money necessary to fulfill them," said Ann Starrs, President of Family Care International.

"We estimate that to meet the promised health needs of less developed countries would take an increased investment by high income countries and developing country governments of around $150 billion a year(1). The AIG bailout alone was $170 billion," said Brook Baker, Professor of Law at Northeastern University and Policy Analyst for the US-based Health GAP. "Or to look at it another way, for 36% of what countries have spent in one year on direct bailouts of corporate and financial interests, rich countries alone could fully fund the additional $944 billion that we estimate is needed from now through 2015 to meet all MDG and health systems strengthening needs in less developed countries." Developed countries have so far contributed over $2.5 trillion in direct bailouts and over $6 trillion in 'guarantees.'(2)

"All we seem to be getting from the bailouts so far is record level projected bonus payouts for Wall Street," added Gonsalves. "But we know with one hundred percent certainty that many more people will die in 2010 because of this bailout, probably 100 times as many as the 13,000 Goldman Sachs employees who are projected to get compensatio
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SOURCE International Treatment Preparedness Coalition
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