Trust Fund Proposed to Combat AIDS
Italy has announced plans to combat the global AIDS epidemic through a proposal that would have each of the world’s 1,000 largest corporations give at least $500,000 to help establish a $1-billion anti-AIDS trust fund.
In a statement read this week to top representatives of the World Bank and other international financial institutions, Italian Finance Minister Vincenzo Visco said he will ask industrialized nations to match the corporate contributions when he presents the proposal at an economic summit of the world’s seven leading industrial powers in July in Italy.
Visco’s announcement came the week after U.N. Secretary-General Kofi Annan called for the creation of a trust fund of $7 billion to $10 billion to fight AIDS, tuberculosis and other diseases.
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