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Monday, Mar 12 2012

Global Fund Donors 'Earmark' Funds For Capacity-Building, Fund's General Manager Says

Gabriel Jaramillo, the general manager of the Geneva-based Global Fund to Fight AIDS, Tuberculosis and Malaria, said in an interview on Friday that "quite a few donors" to the fund "have earmarked portions of their donations to us, their contributions, to capacity-building," the Associated Press/Washington Post reports. According to the AP, the Global Fund "is increasingly being forced to devote a portion of its donations to improving its own spending controls rather than disease-fighting," the news service writes. "France, whose nearly $2.9 billion in donations have made it the fund's second-largest contributor after the U.S., will sign a new pledging agreement this month requiring that five percent of its money go to tighten financial accountability among grant recipients, he said," the AP writes.
This is part of the Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.
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