Global Fund Announces $419 Million in New Grants
The Global Fund to Fight AIDS, TB and Malaria announced that it has awarded 45 new 2-year grants for a sum of $419.2 million. “We are proud that this investment can assure continuation of live-saving services to countless patients,” said Gabriel Jaramillo, General Manager of the Global Fund.
The grants are different from past offerings which usually are for five years. The Global Fund also indicated that 11 proposals were sent back for revisions meaning that the total funding would tip $500 million if all are accepted.
Devex explains the process for awarding the grants.
Applicants for the just-awarded transitional funding had to have a current Global Fund grant that was facing significant program disruption between the start of 2012 and March 31, 2014, and had to cap the projects at two years instead of the usual five. They were also instructed to request the minimum amount of financing necessary to continue essential prevention, treatment or care services, and had to demonstrate that no other funding sources were available.
Proposals were submitted to the Technical Review Panel, which met in France June 9-21 to review the requests and ensure they complied with the Eligibility, Counterpart Financing and Prioritization policy. The Global Fund mandates that national governments contribute a share of the financing — or justify why it cannot — in order to get donor support.
Thirty-five of the approved proposals requested general funding, which is restricted according to the recipient country’s income classification and disease burden. The remaining 10 were approved to get financing from the Targeted Funding Pool: Applicants submitting a proposal for this type of grant must guarantee that 100 percent of the funding will be focused on underserved and most at-risk populations, and be the highest impact interventions within a certain health context.
Devex notes further that the majority of the money will be spent on malaria interventions and focusing on 11 countries. Meanwhile, Ethiopia takes home the largest grant and Africa represents seven of the top ten grants distributed.August 29, 2012