What’s going on at the Global Fund to Fight AIDS, TB & Malaria (GFATM)? It recently canceled a new round of grants because funding has severely declined, and commitments made by donor countries have yet to materialize. As a result of the lack of funding, progress in many countries against the three diseases will be crippled until GFATM has the resources it needs. Last week Executive Director of the Global Fund, Michel Kazatchkine also resigned.
In November came the news that the Global Fund to fight Aids, TB and Malaria was in a financial crisis, because of declining donor commitments and failure by donors to honor existing commitments. The Fund’s board cancelled Round 11 of its funding applications, which was supposed to provide money for 2011 to 2013.