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Nigeria failed to meet its counterpart financing requirements
The awards were conditional on the recipient countries coming up with matching funds
The Secretariat has reported on developments concerning incentive funding awarded to Nigeria and India as part of the 2014-2016 allocations. The updates were contained in the latest report of the Grant Approvals Committee to the Board.
The funds for the 2014-2016 allocation period covered four years, as a transition measure, instead of the usual three years
If your country receives money from the Global Fund, and if you compare your country’s allocation in 2017-2019 with its allocation in 2014-2016, it is likely you will find that the amount for 2017-2019 is lower, sometimes significantly lower. This may be true whether you are looking at the full allocation for your country or at the allocations for individual components.
In addition, four countries with shortened malaria grants found bridge funding from savings and efficiencies within their own grants
According to the Secretariat, the Global Fund has provided funding in the amount of $378.2 million for 11 shortened grants from six countries to bridge them through to 31 December 2017. The funding comes from money made available through portfolio optimization.
They will be funded using savings from the country’s existing malaria grants
Meanwhile, Nigeria risks forfeiting $45.7 million in incentive funding from 2014-2016
The Global Fund Board has approved an extension of an existing malaria grant to Nigeria as well as a new one-year grant with a new principal recipient (PR) – all at no extra cost. The extension and the new grant will be financed by reinvesting savings identified in Nigeria’s current malaria grants. This will allow Nigeria to maintain essential malaria services to the end of 2017.
Secretariat provides some end-of-the-funding cycle information
Catalytic investments: $800 million for matching funds, multi-country approaches, and strategic initiatives
There will be a lot more funding for strategic initiatives and multi-country programs
The Global Fund Board has approved $800 million to be set aside for catalytic investments over the 2017-2019 grant cycle. These investments are intended to catalyze country allocations to ensure they deliver results against the aims of 2017-2022 Global Fund Strategy.
$388 million awarded to grants in five countries
In July 2016, the Global Fund Board approved $388 million in funding for six shortened grants to allow them to continue to provide services from the original end date of their grants to the end of 2017. Of the $388 million, $383 million is new funding. It comes from the $700 million that the Finance and Operational Performance Committee said in March 2016 was available for portfolio optimization.
$364 million approved for 12 countries
In July 2016, the Global Fund Board approved $364 million in funding for 18 grants emanating from concept notes submitted by 12 countries. Of the $364 million, $152 million represented new money; the balance was existing funding that had been approved prior to the new funding model (NFM) but was nevertheless included in the NFM allocations to countries.
The largest awards went to Lesotho and Nepal
In June 2016, the Global Fund Board approved $179 million in funding for 13 grants emanating from concept notes submitted by nine countries. Of the $179 million, $80 million represented new money; the balance was existing funding that had been approved prior to the new funding model but was nevertheless included in the NFM allocations to countries.