Shortly after identifying how much it plans to spend over the next two years, the Global Fund to Fight AIDS, Tuberculosis and Malaria has now set a timeline for the opening of new funding opportunities.
The Global Fund secretariat will present at an upcoming board meeting in September new funding models drafted in consultation with recipient countries and other stakeholders. The board will review the models and announce funding decisions no later than April 2013.
This plan was among the decisions reached by the Global Fund board at the end of its 26th meeting in Switzerland Friday (May 11). The fund has earlier announced that it plans to spend $1.67 billion in the coming two years, including more than $1 billion for new projects.
The board also agreed to further assess the so-called 55 percent rule, which requires the Global Fund to channel at least 55 percent of available funding for grant renewals in a given year to low-income countries. The board acknowledged that the rule has caused “unintended consequences” and “negative impact” for people in lower middle-income countries.
Further, the Global Fund board deferred the implementation of a grant renewal funding cap for countries in the lower middle-income categories and above. With the cap, these countries would have only been eligible to receive 75 percent of the amount of their original Global Fund grant.
Meanwhile, the selection of a new executive director for the Global Fund is now in motion. The board has appointed an ad hoc committee tasked to come up with a short list of up to four candidates for the position, including at least two female nominees.
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