US$419 million for fighting AIDS, tuberculosis and malaria

VGP – The Global Fund to Fight AIDS, Tuberculosis and Malaria on Tuesday approved 45 new two-year grants, from 37 countries, totaling US$ 419.2 million, to fund essential prevention, treatment, and care services provided to the people affected by the three diseases.

August 29, 2012 3:56 PM GMT+7

Another 11 proposals worth a total of US$ 91.2 million were sent back for revision, and are subject to a further independent technical review before they can be approved.

The proposals approved on 24 August 2012 were part of the Transitional Funding Mechanism established by the Global Fund Board in November 2011 on an exceptional basis to ensure that essential programs are not disrupted, at a time when there was uncertainty on the availability of resources.

The approved funding will bridge the financing of essential interventions until the next opportunity to apply for grants.
"We are proud that this investment can assure continuation of live-saving services to countless patients,” said Gabriel Jaramillo, General Manager of the Global Fund.

So far, the Global Fund to Fight AIDS, Tuberculosis and Malaria has provided US$22.9 billion to over 1,000 programs on AIDS, tuberculosis and malaria prevention and fight./.

By Huong Giang