Global Fund to Fight AIDS, TB, and Malaria

Global Fund to Fight AIDS, TB, and Malaria
The Global Fund to Fight AIDS, Tuberculosis, and Malaria (the Global Fund) is a new
public-private partnership aimed at attracting, managing and disbursing additional
resources against these three diseases. The goal of the Global Fund is to make a
sustainable and significant contribution to the reduction of infections, illness and death,
thereby mitigating the impact caused by HIV/AIDS, tuberculosis and malaria in
countries in need, and contributing to poverty reduction as part of the Millenium
Development goals.
As of October 2002, funding pledges to the Global Fund totaled $2.257 billion, from
33 governments and multilateral institutions and more than 20 other sources, including
foundations, corporations and individuals.
The Global Fund has invited and received two rounds of funding applications. The first
round of applications, called for in February 2002 and received in March 2002,
resulted in more than 300 proposals seeking more than $5 billion over five years. By
April 2002, these applications had been reviewed, and $616 million was awarded to
58 projects from 38 countries. The first year of funding for these 58 projects totaled
$283 million. The second round of funding applications, announced in July 2002 and
received in October 2002, included approximately 150 proposals. These applications
will be reviewed in January 2003. The Global Fund plans to solicit two new rounds of
applications in 2003.
Dr. Richard Feachem was appointed in April 2002 as the first Executive Director of the
Global Fund. The Secretariat of the Global Fund has been temporarily staffed with
specialists, but is now in the process of hiring a total of 50 permanent staff to sustain the
Fund going forward.