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UN Secures $40 Billion For Global Health Drive

UN Secretary-General Ban Ki-moon

UN Secretary-General Ban Ki-moon

UN Secretary-General Ban Ki-moon today announced a $40 billion drive to improve the health of women and children that he said would save millions of lives around the world.

In a statement, Ban said that governments, philanthropists, and private groups pledged the cash for the Global Strategy for Women's and Children's Health.

He said the strategy could save 16 million lives by 2015.

The announcement comes as the UN's Millennium Development Goals summit on eliminating poverty is wrapping up at the United Nations in New York.

Among today's speakers are U.S. President Barack Obama and Chinese Prime Minister Wen Jiabao.

The three-day meeting in New York has brought together 140 leaders from rich and poor nations to review progress toward achieving the UN Millennium Development Goals agreed 10 years ago to cut poverty.

compiled from agency reports