Global Fund Beat: How Much Money is out there for the New Global Fund?
This is the first post in what we hope to be a series from our Global Fund intern Hsin-yi Lee on the Global Fund to Fight TB, Malaria and AIDS.
The Global Fund’s new funding model was launched last month after amounting anticipation. Six countries and three regional programs were invited as early applicants to go through the entire grant making process. An additional 47 interim applicants were named to access funding through grant renewals, extensions or reprogramming. Together, the named applicants will be able to access up to US $1.9 billion of funding available for the transition period of 2013- 2014.
A distinction of the new funding model from the old is that countries are now given the information of how much money is available for them to apply for in each disease component. The Global Fund has devised their funding allocation formulas based on burden of disease burden, ability to pay and other contextual factors.
The six early applicant countries – Zimbabwe, El Salvador, Myanmar, the Democratic Republic of the Congo, Kazakhstan and the Philippines – will be able to access a total of US$364 million of new funding.
The three regional early applicants for the new funding model are all first time Global Fund applicants. They will apply to funding as either a regional organization or a regional coordination mechanism. The Eurasian Harm Reduction Network, covering 9 countries in the EECA region (Azerbaijan, Belarus, Kyrgyzstan, Lithuania, Moldova, Russia, Tajikistan, Ukraine and Uzbekistan) will be able to access US $6 million. The Regional Malaria Elimination Initiative in Mesoamerica and Hispaniola, covering Panama, Nicaragua, Costa Rica, Salvador, Honduras, Guatemala, Belize, Dominican Republic and Haiti, will have access to US $10 million. Finally, the Regional Artemisinin Resistance Initiative, which includes Myanmar, Vietnam, Thailand and Cambodia, will access US $100 million.
Aside from the set indicative funding, the Global Fund also provides additional funding to incentivize high impact investments and co-financing. The amount of incentive funding available would depend greatly on how much additional funds the Global Fund will be able to mobilize in the upcoming replenishment in October, 2013. The Global Fund is hosting a pre-replenishment meeting in Brussels from April 9-10 and advocates are calling for donors to commit at least 15 billion to the Global Fund for 2014-2016.