The Global Fund to Fight AIDS, Tuberculosis and Malaria has announced the adoption of a new approach to funding grants that it hopes will lead to more strategic investments and greater impact.
Under the new strategy, which is expected to take effect in 2013, applicants will be asked to submit a concept note so as to get early feedback from the fund, other donors, and technical experts on how their proposal may need to be adjusted before they advance in the application process. In addition to shortening final grant approval times, the change is expected to lead to a higher overall application success rate. The fund also announced that the new approach will enable applicants to align the submission of their proposals with budgeting schedules in their respective countries, instead of by a set date, as in the past.
For nearly a year, the Global Fund has been re-working its grants management process to address concerns that, at a time of economic uncertainty, it needs to move away from a "passive" role in shaping demand for interventions and do more to create impact. To that end, the fund has restructured its staff and resources and reorganized its Grant Management Division to boost the amount of attention given to each country.
"This is a tremendous, forward-looking change for the Global Fund," said the fund's board chair, Simon Bland. "In addition to the substantial amounts of money we are disbursing this year, this new funding model will make our grants even more effective in the future."