Africa: Global Fund News Flash – Issue 14

Thursday, February 21, 2013

The Global Fund plans to launch its new funding model in the coming days. Over the course of 2013, a transition period, the new funding model will allow the Global Fund to invest more strategically, and achieve greater impact in the lives of those affected by AIDS, TB and malaria. It will engage implementers and partners more effectively. It will engage implementers and partners together to achieve impact against the three diseases. It will provide implementers 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 express full demand.

The Global Fund will invite selected countries to participate in the new funding model in 2013. A small number of “early applicants” may submit a concept note and create a new grant using the new funding model. The countries selected will be those in a position to achieve rapid impact, those at risk of service interruptions, and those that have received proportionally less than they merit, by the calculus of the new funding model. There will be diversity across regions and diseases and types of applicants, so that elements of the new funding model can be tested and refined. In addition, around 50-60 “interim applicants” will also be able to access funding in 2013, through re-programming and top-ups for existing grants. Other countries, “standard applicants,” may participate in dialogue geared toward preparing applications for 2014.

Throughout this year, the Global Fund and its partners will be asking public and private donors to invest in fighting the three diseases for the period 2014 to 2016. The new funding model will help demonstrate that the Global Fund is investing strategically for maximum sustainable impact, in places where we can make the biggest difference.

Source: All Africa (link opens in a new window)

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Entrepreneurship
Tags
investment fund, poverty alleviation