Where Has All The Liquidity Gone
Global Voices
By Raghuram G. Rajan, Former Governor, RBI: t is now clear that monetary-policy normalization will be exceedingly difficult and fraught with risk.
AIDS, together with tuberculosis and malaria, killed millions of people and overwhelmed health systems worldwide – especially in Africa. But the world came together and fought back. The Global Fund to Fight AIDS, Tuberculosis, and Malaria, established in 2002, is an unparalleled success story. Cooperation between developed and developing countries, the private sector, civil society, and affected communities has saved 44 million lives, and the combined death rate from these three diseases has been reduced by more than half. Saving this many lives has had a huge economic impact. The Global Fund estimates that an investment of $1 through the health programs it supports will result in $31 in health gains and economic returns over three years. And since most of its investments are in Africa, the benefits will spread across the continent.
Where Has All The Liquidity Gone
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