What role do MNCs have in providing funding or other assista

What role do MNCs have in providing funding or other assistance to international organizations such as the Global Fund, UN, and WHO?

Solution

Solution :

MNC\'s who were previously reluctant in providing funding to to international organizations such as the Global Fund, UN, and WHO have lately realized that they have to place public health ahead of pofits .

In spring 2001 , three pharmaceutical companies Merck , Bristol - Myers squibb , and Abbot announced they would sell HIV drugs to developing countries at cost . Glaxosmithkline offered 90% discounts . Merck planned to use the United Nations Human develoment Index and offer the lowest price to countries that received low rankings .

On september 5 2002 , Glaxosmithkline announed a price cut for antiretroviral drugs and malaria drugs for poor countries . This was on top of previous price cuts . Under the new pricing plan , Glaxosmithkline said it would supply AIDS and anti malarial drugs at not for profit prices to the public sector , non governmental  organizations , aid agencies , the United nations and Global fund to fight AIDS , malaria & tuberculosis. . Indian Generic manufacturer such as CIPLA offered among the lowest prices in the world .