Global Fund Board
Based on advise from the Technical Review Panel (TRP), the Board divided eligible Round 7 proposals into five Categories, as follows:
Today, during the first day of its sixteenth board meeting held in Kunming, China, the Global Fund board approved 73 Round 7 grants that will cost $1,119 million over the first two years and $2,762 m. over five years. (For a complete list of approved and non-approved proposals, see below.) As a result of recent new pledges, the Fund has sufficient money to pay for all grants that were recommended by the Technical Review Panel.
The Global Fund will need to at least triple in size by 2010 -- reaching a spending target of $6 billion per year -- to meet projected demand, the Fund's Board agreed on Friday. Further increased demand from developing countries for Global Fund financing could potentially raise this figure to $8 billion.
Key decisions made by the Global Fund Board at the meeting that ended on Friday were as follows.
The Global Fund has chosen a new Chair who comes from the private sector, and a new Vice-Chair who comes from an African NGO. This is the first time that both positions have come from sectors other than government.
The Global Fund's Board completed a three-day meeting in Geneva on Friday that reached solid agreement on multiple strategic issues that could easily have led to dissent.
Friends of the Global Fund Africa
Last month, Friends of the Global Fund Africa (Friends Africa) held its inaugural meeting in Kigali, Rwanda. This is the fourth Friends organization to be established; the others are in the USA, Japan and Europe. Each of them is formally independent of the Fund.
The Global Fund Board has approved two of the twelve Round 6 proposals whose original rejection had been appealed by the applicants. The newly approved proposals are an HIV/AIDS proposal from Egypt that will cost $5.4 million over the first two years, and a TB proposal from Pakistan that will cost $22.6 million. The approvals are subject to a number of clarifications being successfully responded to in a timely manner.
The Global Fund today issued the following press release:
8 February 2007
Professor Michel Kazatchkine Selected as Executive Director of the Global Fund