The Global Fund said an announcement by Germany of a EUR50 million contribution “was a clear endorsement of new measures to improve financial oversight and management.” Last year, Germany suspended contributions to the Global Fund, but now has made the first quarterly payment of a EUR200 million contribution this year and “was confident that (it) would make all its payments this year if the pace of reform is maintained.” Global Fund General Manager Gabriel Jaramillo commented, “We are committed to do even better what we already do best, which is to save lives. We want to assure…that German taxpayer money is being handled effectively to achieve the best possible results.” Germany is described as the fourth largest donor to the Global Fund, having pledged over EUR1.5 billion since 2002. This includes EUR 600 million for the period 2011-13, in yearly installments of EUR 200 million each. The Global Fund media release noted that “In his first month at the Global Fund, Mr. Jaramillo has streamlined its organizational structure and sharpened the focus on grant management in countries with the highest burden of disease…”

http://www.theglobalfund.org/en/mediacenter/pressreleases/2012-03-08_Global_Fund_Sees_Germanys_Contribution_as_Recognition_of_New_Direction/