The Developing Country NGO Delegation to the Global Fund Board has issued a press release on the decision of the Global Fund Board to support the development of the New Funding Model in principle, taken on 14 September 2012 during the Global Fund’s 27th Board Meeting in Geneva, Switzerland.
There is not a definitive model yet, but rather the decision was to support the development of the new model between now and the next Global Fund Board Meeting in November 2012.
“The Developing Country-NGO Delegation takes note of the decision taken by the full GF Board on September 14 in Geneva to support the new funding model in principle. This new model will replace the previous Rounds based model that operated since the creation of the Fund in the 2002. This new model, said Dr Cheick Tidiane Tall, Board Member, is sending a positive message to traditional donors in the sense of ensuring clarity in the allocation of resources to address the three epidemics in countries with populations most in need. Dr Tall further reiterated his delegation’s willingness to continue supporting the GF to seek additional resources from non-traditional donors, especially from emerging economies that are part of the G20 and from domestic resources.”
Download the full press release here.