Global Fund Board adopts new approach to funding grants

According to a press release from the Global Fund to Fight AIDS, Tuberculosis and Malaria, the fund's Board on Friday "voted to adopt a new approach to funding grants that will enable the organization to invest the world's money more strategically and for greater impact." The press release notes "the new funding model will change the way implementers apply for financing, get approval of their proposals and then manage their grants," and it describes the changes in more detail. "In its decision, the Board agreed that the new model should enhance participation by all stakeholders, including civil society and will support continued funding for the needs of most-at-risk populations, so that concentrated epidemics are taken into consideration," the press release states, adding, "The Board also requested a regular evaluation of the new funding model, and asked the Board's Strategy Investment and Impact Committee to continue working out the details of the funding model so that implementation can begin in 2013" (9/14).