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Global Fund to offer more flexible funding model
International funding institution The Global Fund has developed a new funding model to maximize the global fight against AIDS, Tuberculosis (TB) and malaria
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nternational funding institution The Global Fund has developed a new funding model to maximize the global fight against AIDS, Tuberculosis (TB) and malaria.
'It is hoped that this new funding model can be more flexible,' said Nafsiah Mboi, the chair of the board of the Global Fund, on Wednesday as quoted by Antara.
She was speaking on the sidelines of the 31st Global Fund Board Meeting in Jakarta, which will end on Friday.
Nafsiah said the new funding model would likely be different than the current model, which applied a 'round-based system'.
The Indonesian health minister hoped that the new funding model could help accelerate the achievement of AIDS, TB and malaria control targets in each beneficiary country so that in the next several years they would be no longer threats to public health.
Global Fund executive director Mark Dybul said the new funding model would promote stronger public-private partnerships. The model required not only government involvement but also non-government institutions and private sector commitment.
The involvement of all stakeholders would hopefully strengthen the new funding system, he added.
'So this is all about partnership. The key is in the hands of each country that implements the program, as it is each respective country that knows what kind of supports it needs and what measures should be implemented, not us who are working in Geneva,' said Dybul.
The Global Fund has allocated US$12 billion for the new funding model for the 2014-2016 period. In the meeting from March 6 and March 7 in Jakarta, the Global Fund board will also calculate and disclose the amount of funds to be allocated to the beneficiary countries.
As of now, the Global Fund has disbursed $500 million to help fight AIDS, TB and malaria in Indonesia. (ebf)
