IMF, World Bank & IFI Round-Up

The multilateral Global Fund said Nov. 10 that it has approved USD 2.75 billion in fresh grants over two years to fight AIDS, tuberculosis and malaria. With the latest injection, total grants approved by the Geneva-based fund have increased to USD 14.4 billion in 140 countries, the body said. "This is the highest amount of new financing approved by the Global Fund ever," Rajat Gupta, Chairman of the fund's board said in a statement issued at the end of a two-day board meeting in New Delhi.