Global Fund awards $419M in new grants29 Aug 2012
The Global Fund to Fight AIDS, Tuberculosis and Malaria has approved 45 proposals from 37 different countries, awarding grants totaling $419.8 million. The projects were given “on an exceptional basis” through a Transitional Funding Mechanism, launched as a preemptive effort to safeguard gains the organization feared would be lost after the normal proposal cycle was canceled.