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HHS Secretary Tommy G. Thompson and Secretary of State Colin L. Powell announced today that the President's fiscal year 2003 budget will include a $100 million contribution from HHS and another $100 million from the U.S. Agency for International Development to support the work of the new fund. The fiscal year 2003 budget will be released by the President Feb. 4.

Secretary Thompson made the announcement to the first board of directors meeting for the Fund, which convened Jan. 28-29 in Geneva, Switzerland. The agenda for the first board meeting is to adopt a framework document to finalize the Fund's management, structure and financial operations. Additionally, the board will make final decisions about proposal eligibility and review criteria.

"This Fund will have worldwide impact on three of the world's most devastating health threats," Secretary Thompson said. "Today, before the Fund even opens its door, the President has pledged a half billion dollars toward its efforts."

Secretary Thompson said the Bush administration will also continue to "pursue new sources of financial support from governments and the private sector worldwide."

Endorsed at the United Nations General Assembly Special Session on HIV/AIDS and the 2001 G8 Summit in Genoa, Italy, the Fund was established as a unique and distinctive approach to combating the nearly 6 million deaths attributed each year to AIDS, TB and malaria, according to the Fund.

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