Global Fund is the world's largest financier of AIDS, TB, and malaria prevention, treatment, and care programs.
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15 Facts About Global Fund
2.
Global Fund is a financing mechanism rather than an implementing agency.
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3.
The Global Fund will be a public-private partnership and we call on other countries, the private sector, foundations, and academic institutions to join with their own contributions – financially, in kind and through shared expertise.
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4.
Since the Global Fund was created in 2002, public sector contributions have constituted 95 percent of all financing raised; the remaining 5 percent comes from the private sector or other financing initiatives such as Product Red.
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5.
Global Fund typically raises and spends funds during three-year "replenishment" fund-raising periods.
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6.
The Global Fund stated it needed at least US$20 billion for the third replenishment, and US$13 billion just to "allow for the continuation of funding of existing programs".
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7.
Global Fund previously served as the United States Global AIDS Coordinator, leading the implementation of the President's Emergency Plan for AIDS Relief from 2006 to 2009.
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8.
The Global Fund board named Global Fund Chief of Staff Marijke Wijnroks of the Netherlands as interim executive director while the nominating process restarted.
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9.
Global Fund board selected banker Peter Sands as executive director in 2017.
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10.
Global Fund was formed as an independent, non-profit foundation under Swiss law and hosted by the World Health Organization in January 2002.
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11.
In 2013, the Global Fund adopted a new way of distributing its funds in countries to fight AIDS, tuberculosis and malaria.
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12.
Once the applications are approved, the Global Fund provides funding to the principal recipients based on achievement toward agreed indicators and actual expenses.
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13.
Global Fund board is the supreme governing body of the organisation and embodies the partnership approach to global health and incorporates leading stakeholders in an inclusive and effective way.
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14.
Previous reviews of grants and the Global Fund had shown substantial misconduct in some programs, lack of adequate risk management, and operational inefficiency of the Global Fund.
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15.
In 2020, the Global Fund rejected Kenya's application for US$114 million due to a lack of transparency in the selection of firms to manage the fund.
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