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Tuesday, Nov 29 2011

Global Fund Cancels Round 11 Grants, Approves New Strategy And Organization Plan

The Board of the Global Fund to Fight AIDS, Tuberculosis and Malaria decided to cancel Round 11 grant approval during a two-day meeting in Accra, Ghana, that concluded on November 22. According to a press release from the Global Fund, the decision to cancel Round 11 was due to "a revised resource forecast presented to the Board [which] showed that substantial budget challenges in some donor countries, compounded by low interest rates, have significantly affected the resources available for new grant funding."
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