- Peter Moszynski
The Global Fund to Fight AIDS, Tuberculosis and Malaria has for the first time in its 10 year history cancelled the pending funding round and suspended new grants because of a lack of funding from donors.
The fund is the world’s largest international funder of programmes to treat tuberculosis and malaria and the second largest for HIV and AIDS, after the US President’s Emergency Plan for AIDS Relief.
At the fund’s 25th board meeting in Accra, Ghana, on 20 November, the board voted to cancel all plans for new grant making. Projects that are currently supported by the fund have guaranteed funding for their full lifetimes, but there will be no money for new initiatives until 2014.
The fund’s director of external relations, Christoph Benn, told the BMJ that it had already dispersed some $8.5bn (£5.5bn; €6.4bn) and had approved an additional $1.5bn for 2011-13. However, the recent “critical global economic situation” meant that the board anticipated that it might not be …