Foreign Policy Blogs

Global Fund Considering Loans

The Global Fund to Fight HIV/AIDS, Tuberculosis, and Malaria is considering  starting a loan program for countries that can afford it, but still need help buying HIV meds. I guess it makes sense in a way, but it is a pretty stark change from the traditional wisdom on foreign aid loans, isn't it? I thought the idea was that a country would develop and over time its economy would get better and it could repay the loan. Like taking student loans because you know you’ll make more money when you get out. Or buying a house because (cough cough) it's a good investment.

I suppose the idea is that if you don't take care of your HIV problem your economy will fall apart anyway, so by that logic it is a good investment.

 

Author

Kevin Dean

Kevin Dean is a graduate student pursuing a master's degree in international conflict management and humanitarian emergencies at Georgetown University. Before returning to school in Fall 2006, he spent six years working in the former Soviet Union - most of that time spent in Central Asia. He has managed a diverse range of international development programs for the US State Department and USAID. He has also consulted for several UN agencies and international NGOs, and is fluent in Russian. Kevin is originally from Des Moines, Iowa and studied Russian, East European, and Eurasian Studies at the University of Iowa.