Global Fund Board approves 45 new two-year grants as part of Transitional Funding Mechanism

Aug 30 2012

"The Board of the Global Fund to Fight AIDS, Tuberculosis and Malaria has approved 45 new two-year grants, from 37 countries, totaling $419.2 million, to fund essential prevention, treatment, and care services provided to the people affected by the three diseases," according to a Global Fund press release. "Another 11 proposals worth a total of $91.2 million were sent back for revision, and are subject to a further independent technical review before they can be approved," the press release adds, noting the grant approvals are part of the Transitional Funding Mechanism and "will bridge the financing of essential interventions until the next opportunity to apply for grants" (8/28). According to the U.N. News Centre, the Global Fund "has approved funding of $22.9 billion for more than 1,000 programs in 151 countries, and helped programs provide AIDS treatment for 3.6 million people, anti-tuberculosis treatment for 9.3 million people, and 270 million insecticide-treated nets for the prevention of malaria" (8/28).