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On Tuesday, UN Secretary-General Ban Ki-Moon opened the UN Aids conference in New York with the grim announcement that the world is losing the fight against HIV-AIDS. He noted that drug innovation is not keeping up with the growing numbers of new infected– 2.5 million people became infected with HIV last year while only one million began using antiretroviral drugs. UN figures suggest that at least 33 million people have HIV worldwide.

Bill Clinton, also in attendance, took the opportunity to highlight the impact of the current economic crisis upon the distribution of aid.

“This oil price spike has taken away 100 per cent of the value of foreign aid and debt relief to very many countries […] It has dramatically increased the cost of producing food, and it has increased therefore the number of people who are at risk of these diseases.”

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