Global Fund’s Board approves first grants in new funding model

   The Global Fund said its Board Approved the first grants in a new funding model “that is dramatically expanding support for countries fighting these infectious diseases.” The grants, totalling US$622 million, are “ready to be implemented (and) embody a new approach to funding, with greater predictability, improved interaction among partners and swifter implementation. The new funding model is designed to make more effective grants, with greater impact, so that more people can benefit from prevention, care and treatment of AIDS, TB and malaria.” The Board approved grants for three early applicants: Myanmar, El Salvador and Zimbabwe.

http://www.theglobalfund.org/en/mediacenter/newsreleases/2013-06-19_Global_Fund_Board_Approves_First_Grants_under_New_Approach_to_Funding/