"The Global Fund to Fight AIDS, Tuberculosis and Malaria [on Thursday] launched a new funding model that allows it to invest more strategically, achieve greater impact, and engage implementers and partners more effectively," a Global Fund press release reports. Noting "[t]he new funding model replaces the former 'rounds' system of funding, which had one timing window for funding applications," the press release continues, "The new funding model provides countries that implement grants with more flexibility around when they apply for funds, as well as more predictability on the level of funding available, while still encouraging countries to clearly express how much funding they need to effectively treat and prevent HIV/AIDS, [tuberculosis (TB)] and malaria" (2/28).