President Donates $100 Billion to the United Nations

President Donates $100 Billion to the United Nations

By: Paul L. Williams
October 6, 2010

The U. S. State Department yesterday announced that the Obama Administration has agreed to contribute $4 billion to the United Nations Global Fund to fight AIDs, Tuberculosis, and Malaria from 2011 to 2013.

The $4 billion represents a 38% increase over the previous U.S. commitment to the fund.

United Nations Secretary-General Ban Ki-moon said that a total of $11.7 billion has been raised from 40 countries, the European Commission, faith-based organizations, private foundations, and various corporations.

This means that over one-third of the money will come from the pockets of US taxpayers.

Oil-rich nations like Saudi Arabia, Abu Dhabi, and the United Arab Emirates contribute next to nothing, and China, which holds most of the US $14 trillion debt, agreed to provide a measly $14 million.

In addition to the annual gift of $1.33 billion to the Global Fund, President Obama has agreed to provide billions more for UN projects.

These allocations are set forth in a 28 page document as follows:

* Funnel $63 billion to the Global Health Initiative during the next six years
* Make $1 billion annually to education programs
* Give $475 million to the Global Agricultural and Food Security Program’
* Provide $800 million from the Overseas Private Investment Corporation to Muslim-majority countries in the Middle East and North Africa. An additional $3.2 billion will be provided by private equity capital sources to these Muslim nations
* Shell out millions more available through USAID for developing tech hubs in Uganda, Kenya, Cameroon, South Africa, and Senegal.
* Dole out $80 million through the Overseas Private Investment Corporation for small to medium enterprises in the Middle East and North Africa.
* Cough up $2.5 billion annually to 90 countries to “strengthen governance and democratic institutions.â€