Global Fund introduces new funding model

The Global Fund to Fights AIDS, Malaria and Tuberculosis is adopting a new approach to funding grants by investing additional money in health programmes that are poised to achieve the quickest impact.

The Global Fund to Fights AIDS, Malaria and Tuberculosis is adopting a new approach to funding grants by investing additional money in health programmes that are poised to achieve the quickest impact.

According to a Global Fund press release the new funding model is designed to significantly improve the way the organisation invests in health programmes with a process that is more predictable, reliable and also flexible. It is hoped this will enable the Global Fund to achieve a higher success rate in all grants and more effectively save the lives of people affected by HIV/AIDS, tuberculosis and malaria.

“Special consideration will be given to countries applying with programmes that are, among other things, underfunded over the 2013-2014 periods or at risk of service interruptions, as well as programmes in a position to achieve rapid impact. The Global Fund has taken a big step forward in implementing the new funding model,” said Simon Bland, who chairs the Global Fund board.

Bland added that the new funding model should make Global Fund grants even more effective and capable of achieving real impact.

“Now, the new funding model will change the way implementers apply for financing, get approval of their proposals and then manage their grants. Once fully developed, it will encourage the development of robust national strategic plans in each country, and strive for more simplicity and efficiency,” Bland said.

The new system will rely on country dialogue to inform a process that leads to submitting a concept note, as well as early feedback from the Global Fund.

“Under the new approach, countries will be grouped in bands, which will enable the Board to ensure focus is placed on countries with the highest disease burden and the least ability to pay, among other factors,” the Global fund stated.

The Global Fund further noted that the international financial crisis accelerated concerns that the Global Fund needed to invest for impact, and move away from a relatively passive role in shaping demand.

The statement continues: “The Board decided to make changes to ensure that it directs the organisation’s investments toward those people most in need, and toward those interventions that can help the most people. The new funding model heralds a new approach of investing strategically and is a major step in the implementation of the Global Fund strategy 2012-2016 [Investing for Impact].”

 

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