Brazil Vows to Help International Fund for AIDS and TB

Brazzil Magazine covers

The Brazilian Minister of Foreign Relations, Celso Amorim, said yesterday, July 6, that Brazil intends to assist in the implementation of the International Drug Purchase Facility (IDPF) by contributing a share of the federal budget until the country devises a mechanism to charge a tax on airline tickets.

The purpose of the IDPF is to buy cheaper medicines to use in the fight against AIDS, malaria, and tuberculosis, diseases which are more prevalent in developing countries. Since July 1st the tax has been collected in France.

Brazil and more than 40 other countries and international agencies are discussing this and other proposals at the First Plenary Meeting of the Pilot Group on Innovative Development Finance Mechanisms, which is being held in Brazil. The meeting ends today.

Brazil plans to levy a US$ 2 tax on international flight tickets. According to the minister, the financial impact on the ticket price "will not amount to anything, but it can make a big difference for the poor and very poor who are dying."

Amorim pointed out that the rich countries already allocate 0.7% of their GDP (Gross Domestic Product) to international aid and that Brazil, although it is not obliged to make this type of contribution, has a "government commitment" to help raise funds for the IDPF.

The IDPF is expected to begin operations in September with a budget of US$ 300 million provided by Brazil, France, Chile, Norway, and the United Kingdom.

ABr

Tags:

You May Also Like

Brazzil Magazine covers

Price of Food Boosts Brazil Inflation to 5.63%, Well Above Government’s Target

Inflation (IPCA – Consumer Price Index) reached 0.83% in November, in Brazil, the highest ...

Brazzil Magazine covers

Brazil, India and South America Discuss Development with Justice

In a seminar today and tomorrow in Rio de Janeiro, representatives of Brazil, India, ...

Brazzil Magazine covers

Green Packaging: These Brazilian Cassava Bags Decompose in a Mere 60 Days

Brazil’s CBPAK, with 15 employees, produces 300,000 packages for food each month. But they ...

Brazzil Magazine covers

Brazil Cuts Interest Rates to Record Low 8.75%

The BC, Brazil's Central Bank, lowered on Wednesday, July 22, the benchmark Selic rate ...

Brazzil Magazine covers

New Braskem: a Brazilian Petrochemical Giant Is Born

Petrobras and Odebrecht, two Brazilian companies announced the purchase of Unipar’s share of the ...

Brazzil Magazine covers

Brazil President Sees Crisis as Chance to Create New Global Economic Order

The president of Brazil, Luiz Inácio Lula da Silva urged unions and workers to ...