Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > People in 70 countries are missing out on medical care amid funding cuts, says WHO
    Headlines

    People in 70 countries are missing out on medical care amid funding cuts, says WHO

    People in 70 countries are missing out on medical care amid funding cuts, says WHO

    Published by Global Banking and Finance Review

    Posted on May 19, 2025

    Featured image for article about Headlines

    GENEVA (Reuters) -People in at least 70 countries are missing out on medical treatment due to funding cuts to aid programmes, the WHO said on Monday, adding it also faces major financial challenges.

    "Patients are missing out on treatments, health facilities have closed, health workers have lost their jobs, and people face increased out-of-pocket health spending," WHO Director-General Tedros Adhanom Ghebreyesus said in an address to the World Health Assembly.

    The WHO is currently facing a $600 million hole in its annual budget and cuts of 21% over the next two-year period.

    Hundreds of WHO officials are joining donors and diplomats in Geneva from Monday to discuss how to cope with crises from mpox to cholera without their main funder, the United States.

    As the United States prepares to exit the organisation, China is set to become the biggest provider of state fees - one of the WHO's main streams of funding alongside donations.

    "Many ministers have told me that sudden and steep cuts to bilateral aid are causing severe disruption in their countries, and imperiling the health of millions of people," Tedros added.

    Tedros said that states should consider spending more money on global health, at a time when defense expenditure is increasing: "Countries spend vast sums protecting themselves against attacks from other countries, but relatively little on protecting themselves from an invisible enemy that can cause far more damage."

    WHO has revised down its budget to 4.2 billion dollars for the next two years - 2.1 billion a year.

    "2.1 billion dollars is the equivalent of global military expenditure every eight hours," Tedros told delegates.

    He added that the WHO has already taken steps to cut its workforce, budget and the scope of its work. Last week it cut half of its senior leadership team.

    (Reporting by Olivia Le Poidevin, Editing by Alexandra Hudson)

    Related Posts
    Zelenskiy says Russia must be held responsible for 'crime of aggression'
    Zelenskiy says Russia must be held responsible for 'crime of aggression'
    BBC says it will fight Trump lawsuit over edited speech
    BBC says it will fight Trump lawsuit over edited speech
    Kremlin says Christmas ceasefire proposed by Ukraine depends on reaching peace deal
    Kremlin says Christmas ceasefire proposed by Ukraine depends on reaching peace deal
    Dassault Aviation CEO unsure if FCAS fighter will go ahead
    Dassault Aviation CEO unsure if FCAS fighter will go ahead
    Europe's leaders and laggards in electric vehicle sales
    Europe's leaders and laggards in electric vehicle sales
    EU members bordering Russia push for enhanced security at Helsinki meeting
    EU members bordering Russia push for enhanced security at Helsinki meeting
    Netherlands will host International Claims Commission for Ukraine, minister says
    Netherlands will host International Claims Commission for Ukraine, minister says
    EU to extend carbon border levy to new products, drafts show
    EU to extend carbon border levy to new products, drafts show
    Plan to build church for war dead in city park sparks rare protest in Russia
    Plan to build church for war dead in city park sparks rare protest in Russia
    Polish student detained over suspected Christmas market attack plot
    Polish student detained over suspected Christmas market attack plot
    China lowers EU pork tariffs in final ruling after 18-month probe
    China lowers EU pork tariffs in final ruling after 18-month probe
    European defence stocks slide amid progress in Ukraine peace talks
    European defence stocks slide amid progress in Ukraine peace talks

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Headlines

    Explore more articles in the Headlines category

    App developers urge EU action on Apple fee practices

    App developers urge EU action on Apple fee practices

    Kering sells majority stake in New York property in $900 million deal 

    Kering sells majority stake in New York property in $900 million deal 

    EU weighs scheme to allow combustion-engine vehicles after 2035, Handelsblatt reports

    EU weighs scheme to allow combustion-engine vehicles after 2035, Handelsblatt reports

    Antisemitism allowed to fester in Australia, says daughter of wounded Holocaust survivor

    Antisemitism allowed to fester in Australia, says daughter of wounded Holocaust survivor

    Human‑wave attacks and drones: How Myanmar's junta is fighting back

    Human‑wave attacks and drones: How Myanmar's junta is fighting back

    EU to yield on combustion engines ban after automaker pressure

    EU to yield on combustion engines ban after automaker pressure

    US suspends technology deal with Britain, FT reports

    US suspends technology deal with Britain, FT reports

    Taiwan's global credibility on the line with disputed laws, president says

    Taiwan's global credibility on the line with disputed laws, president says

    Trump seeks up to $10 billion in damages from BBC over editing of January 6 speech

    Trump seeks up to $10 billion in damages from BBC over editing of January 6 speech

    Europe to launch international commission for Ukraine war damages

    Europe to launch international commission for Ukraine war damages

    South Korea's ADEL signs up to $1.04 billion Alzheimer's drug development deal with Sanofi

    South Korea's ADEL signs up to $1.04 billion Alzheimer's drug development deal with Sanofi

    'Battlefield' maker EA forecasts softer 2026 bookings amid slow spending, crowded holiday slate

    'Battlefield' maker EA forecasts softer 2026 bookings amid slow spending, crowded holiday slate

    View All Headlines Posts
    Previous Headlines PostTop semiconductor lab imec eyes 'programmable' AI chips, CEO says
    Next Headlines PostRussia bans Amnesty International, which vows to redouble work on rights abuses