Global Fund Board To Announce Funding Decisions For Additional Grants By April 2013

After announcing it plans to spend an additional $1.67 million over the next two years, the Global Fund to Fight AIDS, Tuberculosis and Malaria Board on Friday at the end of its 26th meeting in Geneva said (.pdf) its "secretariat will present at an upcoming board meeting in September new funding models drafted in consultation with recipient countries and other stakeholders," and the board will "announce funding decisions no later than April 2013," Devex reports.

The board considered three other main issues at the meeting, including "to further assess the so-called 55 percent rule, which requires the Global Fund to channel at least 55 percent of available funding for grant renewals in a given year to low-income countries"; "deferred the implementation of a grant renewal funding cap for countries in the lower middle-income categories and above"; and "appointed an ad hoc committee tasked to come up with a short list of up to four candidates for the position, including at least two female nominees," according to Devex (Mungcal, 5/14).