Clinton Foundation Advised World Bank on Contracts That Netted Donors Millions
Foundation’s drug company contributors got majority of funds from tuberculosis program
Drug companies that have donated to Hillary Clinton’s foundation received most of the contract money from an international tuberculosis initiative after the foundation was brought on to manage the initiative’s procurement operation, public records show.
Two of every three dollars spent acquiring anti-tuberculosis drugs through the program, which is administered by the World Bank, have gone to two companies—Swiss health care giant Novartis and Indian drug company Lupin Ltd.—that together have donated up to $130,000 to the Clinton Foundation.
Clinton and her allies have pointed to the foundation’s international charitable work to deflect allegations of cronyism. However, the millions of dollars in contracts awarded to the two drug companies illustrate how foundation donors profited from laudable causes.
“The Clinton Foundation is providing technical support to the program through the Clinton Health Access Initiative (CHAI), focusing on anti-TB drug procurement, markets, and quality, particularly multi-drug-resistant TB (MDR-TB) drugs,” the World Bank wrote in a 2013 report.
Another section of the report said the Clinton Foundation worked on “anti-TB drug quality and pricing.”
The World Bank collaborated with the Clinton Foundation from “2006 to date,” the report said. The project focused on reducing the incidence of TB in India, where the disease kills hundreds of thousands of people each year.
The project, dubbed the Second National Tuberculosis Control Project (SNTCP), is financed by […]
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