Global Fund Launches New Funding Model
GENEVA, Feb. 28, 2013 /PRNewswire/ -- The Global Fund to Fight AIDS, Tuberculosis and Malaria today launched a new funding model that allows it to invest more strategically, achieve greater impact, and engage implementers and partners more effectively.
The new funding model provides countries that implement grants with more flexibility around when they apply for funds, as well as more predictability on the level of funding available, while still encouraging countries to clearly express how much funding they need to effectively treat and prevent HIV and AIDS, TB and Malaria.
Up to $1.9 billion may be available for the new funding model's transition period, in 2013 and 2014. Full implementation of the new funding model will begin in early 2014 and will grant money in the 2014-2016 period.
"Our new funding model means more effective investments, with greater impact," said Mark Dybul, Executive Director of the Global Fund. "It will definitely help us leverage investment in a way that allows our partners to reach more people facing these diseases."Dr. Dybul added: "Our gains will be lost if we do not move forward to defeat these diseases. We can't stop now." Based on the available funding, 47 countries may receive up to US$1.5 billion through renewals, grant extensions and redesigned programs that can rapidly make use of funds in 2013. As "interim applicants," these countries can immediately accelerate current programs that are highly effective. Six countries and three regional programs are being invited as "early applicants" to participate in the full process of the new funding model, from submitting a concept note to creating a new grant. The countries – Zimbabwe, El Salvador, Myanmar, the Democratic Republic of the Congo, Kazakhstan and the Philippines – will be able to access a total of US$364 million in new funding, and can also apply for additional funds that incentivize ambitious and high impact investments and co-financing. For all other countries, "standard applicants," the new funding model's flexible timeline means that efforts to conduct country dialogue and strengthen national strategies can proceed in a constructive way consistent with national planning cycles to prepare for funding in the 2014-2016 period.
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