In 2014, The Global Fund to fight AIDS, Tuberculosis and Malaria signed a partnership agreement with Munich Re, allowing the Global Fund to further strengthen risk management in health programs that it supports worldwide. The partnership provides for the German company to contribute know-how in areas such as supply chain optimization, which can enhance program effectiveness when fighting the three diseases.
Munich Re will contribute risk management and insurance expertise to help the Global Fund identify and effectively manage risks through appropriate solutions in order to support its operations and programs it finances. The initiative already launched focuses on identifying risks in the Global Fund’s supply chain linked to procurement initiatives that are already in place. Munich Re will also give advice and propose risk management solutions that can maximize effectiveness in program implementation. In addition, it will identify solutions to improve the lives of vulnerable populations.
The project is targeting countries with a potential for high impact according to Global Fund criteria: countries with limited infrastructure or reduced grant absorption capacity, and countries where introducing optimization and risk management solutions can make a difference to the effectiveness of grants awarded. The work is being carried out in Senegal and Zambia.