Aid groups criticize G-8 $60 billion aid package

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June 9, 2007 03:36

 
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Aid groups and academics sharply criticized a US$60 billion (€44.9 billion) effort to fight AIDS, tuberculosis and malaria announced by the Group of Eight as under funded, outdated and lacking anything new compared to the historic pledges of 2005. Bono, the musician and social activist who has pushed for more help for Africa, said Friday that the old promises have become harder to keep. "They say US$60 billion for AIDS, TB and malaria and it sounds great, but that's not earmarked for Africa, it's a global figure and there's no timeline," he said. Bob Geldof, the Boomtown Rats co-founder who nurtured the historic Live Aid concert in 1985 and the series of Live 8 concerts in 2005, seethed, calling the initiative - indeed, the whole summit - a "grotesque pantomime."

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