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
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    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.

    Finance

    US spells out life-saving HIV treatment that can continue during aid pause

    Published by Global Banking and Finance Review

    Posted on February 1, 2025

    Featured image for article about Finance

    By Andrea Shalal

    WASHINGTON (Reuters) - The U.S. State Department said on Saturday that the President's Emergency Plan for AIDS Relief (PEPFAR) — the world's leading HIV initiative - was covered by a waiver for life-saving humanitarian assistance during a 90-day pause in foreign aid. 

    Just hours after taking office on Jan. 20, President Donald Trump ordered the pause so foreign aid contributions could be reviewed to see if they align with his "America First" foreign policy. The U.S. is the world's largest aid donor.

    Secretary of State Marco Rubio initially issued a waiver for emergency food aid and then on Tuesday for life-saving medicine, medical services, food, shelter and subsistence help. However, the lack of detail in Trump's order and the ensuing waivers has left aid groups confused as to whether their work can continue.

    So on Saturday the State Department's Bureau of Global Health Security and Diplomacy issued a memo, seen by Reuters, clarifying that PEPFAR was covered by the Jan. 28 memo and spelling out what activities were allowed. 

    These include: life-saving HIV care and treatment services, including testing and counseling, prevention and treatment of infections including tuberculosis (TB), laboratory services, and procurement and supply chain for commodities/medicines. It also allows prevention of mother-to-child transmission services. 

    "Any other activities not specifically mentioned in this guidance may not be resumed without express approval," it said. 

    More than 20 million people living with HIV, who represent two-thirds of all people living with the disease receiving treatment globally, are directly supported by PEPFAR. 

    Under Trump's foreign aid pause, all payments by U.S. Agency for International Development (USAID) stopped on Tuesday - for the first time since the fiscal year began on Oct. 1 - and have not resumed, according to U.S. Treasury data. On Monday USAID paid out $8 million and last week a total of $545 million.

    The Trump administration is also moving to strip a slimmed-down USAID of its independence and put it under State Department control, two sources familiar with the discussions said on Friday, in what would be a significant overhaul of how Washington allocates U.S. foreign aid.

    (Reporting by Andrea Shalal, writing by Michelle Nichols; Editing by Nick Zieminski)

    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