Trumps says U.S. will stop funding WHO

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The U.S president, in a press conference on Tuesday, said he is planning to direct his administration to stop funding the WHO while an assessment is carried out to determine the organization’s role in mishandling and covering up the spread of coronavirus. 

Donald Trump, who has faced his fair share in handling the spread of the virus, accuses WHO of criticizing his late decision to restrict travel from China and also accuses the organization of being biased towards China.

WHO has not yet made a direct response, but the U.N. chief responded by saying that now is not the time to cut off funds.

The WHO, which was founded in 1948, has the U.S. as the most significant single funder. In 2018-19 the U.S. contributed approximately 15% of WHO overall budget. The second-biggest donor is the Bill and Melinda Foundation, which provides 9.7% of WHO’s budget. In line with this, Bill gate responded to Trump on Twitter by saying ‘Halting funding for the WHO during a world health crisis is as dangerous as it as sounds.”

Trump’s argument is based on the concept that America has been generous, and that needs to put into consideration. He told the press conference that the U.S. has the highest number of coronavirus cases and deaths globally, and the WHO failed to contain the virus at its source in Wuhan.

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Anthony Kiratu is the Founder of Finsolutions. He is a financial analyst with over 5 years experience in research, investment advisory, valuation and financial modelling. Anthony is a member of the Institute of Certified Investment and Financial Analysts and Institute of Certified Public Accountants of Kenya. He is passionate about development of African Capital Markets through training of investors and dissemination of information for sound financial and investment decision making process. He is also a part-time lecturer in the Certified Investment and Financial Analyst course in the subjects of International Finance, Portfolio Management, Equity Investment Analysis, and Fixed Income Securities. Email: anthony@finsolutions.co.ke Contact: +254 780216631

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