Navigation Links
European Countries To Fund $4 Billion For Vaccination For Poor Children’

International Finance Facility for Immunization (IFFIm) will be providing life saving vaccines for millions of poor children’s around the world with the project costing $4 billion to be funded by the European countries. // c British finance minister Gordon Brown said the scheme, the International Finance Facility for Immunization (IFF), would save the lives of some five million children over the next 10 years and another five million thereafter. "It is a demonstration of the determination of world leaders to meet the Millennium Development Goals on infant mortality," he told a news conference, referring to United Nations targets to cut child mortality by two thirds by 2015. Brown launched the more modest scheme with his counterparts from France, Italy, Spain and Sweden. He said the Europeans were encouraging other countries, including China and Brazil, to sign up. Britain has pledged 35 percent of the resources required to raise the $4 billion, which is equivalent to $130 million a year. France has pledged 25 percent or $100 million a year and Italy, Spain and Sweden will announce their contributions later. But the plan has run into opposition, particularly from the United States.

The program is a pilot for a broader International Finance Facility (IFF), which Brown hopes to launch to raise larger amounts of money for development aid.

"Our concern is that because the IFF is a way of borrowing money from international financial markets, in years to come we're going to end up using aid money to pay off the interest to financiers rather than helping the poor," said Peter Hardstaff of the campaign group the World Development Movement.

Critics to the scheme say that the amount to be raised is very less and more money is required for completing the project. Some, critics have said the scheme will have little impact without the participation of the United States, and that $4 billion is a drop in the ocean in a world in which 10 million childr en die each year from preventable diseases.

Brown is pushing the Group of Seven rich countries and the European Union for the much wider finance facility he says could double aid to the poorest countries to $100 billion a year. Italian Economy Minister Domenico Siniscalco acknowledged the scheme was a way of "borrowing from the future" but denied it was a gimmick, telling the news conference in London it was based on "very sound finance." He recalled his own childhood in post-war Italy, saying vaccination programs there had had a significant impact within just a few years.

Lee Jong-Wook, director-general of the World Health Organization, also backed the scheme. "When I first heard about it, frankly I thought it was a crazy idea and would never fly," he said. "I was wrong and I'm very glad I was wrong."

"There is a competitive tender in progress to see who will run the IFFIm and a decision will be taken by the winner of that process as to which financial institutions will be involved," the source said.
'"/>




Related medicine news :

1. Lung Cancer Deaths Declining In Men But Not Women In European Countries
2. Record Growth Of Soya-Based Dairy Alternatives Over The Past Year In European Markets
3. Nanotechnology Revolution To Be Spearheaded By European Union
4. Detection of Weak strains of bird flu virus – Target of European Unio
5. Europe On High Bird Flu Alert: European Commission
6. Slovenia, Bulgaria, Greece Face Bird Flu Threat: European Union
7. Heart Brakes: Hearts in European Union Invite Health Attention
8. European Union: Poultry producers Need Aid to Survive Bird flu crisis
9. 5th European Breast Cancer Conference Talks about Everything from Patient to Oncologist
10. Control And Prevention Of Three Diseases To Be Discussed: European Commission
11. Vitamin D Deficiency On Rise Among Europeans
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:6/27/2016)... ... ... TopConsumerReviews.com recently awarded their highest five-star rating to Best Buy Eyeglasses, an ... United States and Canada wear eyeglasses. Once considered to be a purely functional part ... fashion statement. Even celebrities use glasses as a way of creating an iconic image—like ...
(Date:6/26/2016)... Carolina (PRWEB) , ... June 26, 2016 , ... ... of a new product that was developed to enhance the health of felines. The ... centuries. , The two main herbs in the PawPaws Cat Kidney Support ...
(Date:6/25/2016)... ... , ... Austin residents seeking Mohs surgery services, can now turn to Dr. ... Russell Peckham for medical and surgical dermatology. , Dr. Dorsey brings specialization to include ... in Mohs Micrographic Surgery completed by Dr. Dorsey was under the direction of Glenn ...
(Date:6/25/2016)... ... 25, 2016 , ... As a lifelong Southern Californian, Dr. Omkar Marathe earned ... the David Geffen School of Medicine at UCLA. He trained in Internal Medicine at ... fellowship in hematology/oncology at the UCLA-Olive View-Cedars Sinai program where he had the opportunity ...
(Date:6/24/2016)... ... June 24, 2016 , ... A recent article published June 14 ... The article goes on to state that individuals are now more comfortable seeking to ... operations such as calf and cheek reduction. The Los Angeles area medical group, Beverly ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... --  Pulmatrix, Inc ., (NASDAQ: PULM ), ... today that it was added to the Russell Microcap ... set of U.S. and global equity indexes on June ... for Pulmatrix," said Chief Executive Officer Robert Clarke ... in developing drugs for crucial unmet medical needs, and ...
(Date:6/23/2016)... 23, 2016  MedSource announced today that it ... software solution of choice.  This latest decision demonstrates ... to their clients by offering a state-of-the-art electronic ... establishes nowEDC as the EDC platform of choice ... clients.  "nowEDC has long been a preferred EDC ...
(Date:6/23/2016)... DUBLIN , June 23, 2016 ... the "Pharmaceutical Excipients Market by Type (Organic Chemical ... Preservative), Formulation (Oral, Topical, Coating, Parenteral) - Global Forecast ... The global pharmaceutical excipients ... 2021 at a CAGR of 6.1% in the forecast ...
Breaking Medicine Technology: