In his recent State of the Union speech, President Barack Obama highlighted the need to reduce inequality, widen access to healthcare and education and create jobs in the US. It is unfortunate that his administration’s foreign and trade policies threaten to undermine those very things for billions of people in the developing world. This is particularly so when it comes to trade.
In November came the news that the Global Fund to fight Aids, TB and Malaria was in a financial crisis, because of declining donor commitments and failure by donors to honor existing commitments. The Fund’s board cancelled Round 11 of its funding applications, which was supposed to provide money for 2011 to 2013.