• THE GLOBAL FUND TO FIGHT AIDS, TUBERCULOSIS AND MALARIA

The Global Fund to Fight AIDS, Tuberculosis and Malaria was launched in 2002 as result of global consensus that a new mechanism was needed to finance a massive and rapid international effort to combat AIDS, TB and Malaria, three diseases which stand as one of the major components to the sustainable development of a greater part of the world.

 The global fund was created around the concept of “performance-based funding”. This meant that only those fund recipients who could demonstrate measurable and effective results from the fund received would be able to receive additional funding. In other words initial funding is awarded solely on the basis of the technical quality to the applications received but continued and renewed funding depends upon proven results and targets achieved. The GFATM’s performance-based funding system provided a platform for the grant recipients to demonstrate and prove their achievements. The GFATM has committed itself to fund 10 billion to support 136 countries through its first seven rounds of grant-making.

 The GFATM is the largest contributor to NTP. Its contribution is increasing over the years. Under GFATM (Round 3) funding, the NGOs were the major sub-recipients and received 60% of the funding under Principal Recipient BRAC, whereas under GFATM Round 5 funding, approximately 60% of the grant is being channeled through the Government Principal Recipient (Economics Relations Division under Ministry of Finance).