Global Fund to Consider Delaying Grant Applications in Light of Funding Shortage
October 14, 2003
As the governing board of the Global Fund to Fight AIDS, Tuberculosis and Malaria prepares to meet in Thailand on Wednesday, fund officials are expected to consider delaying a call for a fourth round of grant applications because of a lack of funding to pay for them, the Financial Times reports. A background document accessed by the Times includes proposals to "reduce the frequency of calls for [grant] proposals" and "only to announce calls for proposals if resources available pass a certain threshold" (Beattie, Financial Times, 10/13). In its first two rounds of grants, the fund has committed $1.5 billion in funding to support 154 programs in 93 countries worldwide (Global Fund Web site, 10/14). The Global Fund in June said that it would need at least $700 million to fund projects that are up for approval in 2003. The amount is the gap between the total amount requested in project proposals set to gain approval this year and the $300 million the fund has left to spend this year (Kaiser Daily HIV/AIDS Report, 6/9). The Global Fund is expected to begin financing future grants with advance funds, according to the Times.
This article was provided by Henry J. Kaiser Family Foundation. It is a part of the publication Kaiser Daily HIV/AIDS Report. Visit the Kaiser Family Foundation's website to find out more about their activities, publications and services.