Home 2020 US Not to Restore Money to Fund WHO

US Not to Restore Money to Fund WHO


Thursday, Secretary of State Mike Pompeo said the COVID-19 coronavirus chaos shows the need to overhaul the World Health Organization (WHO), warning that Washington may never restore its funding and may set up an alternative outside of the UN instead.

Secretary Pompeo said late Wednesday there needed to be “a structural fix of the WHO” to correct its “shortcomings.

When asked if he was urging a change in leadership of the WHO, Secretary Pompeo replied: “Even more than that, it may be the case that the United States can never return to underwriting, having US taxpayer dollars go to the WHO.”

The United States has been the biggest overall donor to the WHO, contributing over $400-M in Y 2019, roughly 15% of its budget. Senior Trump Administration officials last week told Reuters the White House could redirect these funds to other aid groups.

The Congress controls federal spending, and could pass legislation to guarantee funding for the WHO. However, to become law it would need to garner enough support, including from Trump Republicans, not just to pass but to override the President’s veto.

Have a healthy day, Keep the Faith!

Previous articleF1: Ferrari (NYSE:RACE) is Committed!
Next articleSitting on a Pile of Cash? Here are 2 Energy Energy Sector Stocks Under $10/share with Huge Northside Outlooks
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.