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Tuesday, 06 December 2011 12:15
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Date : 23 November 2011
Reductions in Resource Outlook Limit Funding of New Grants
ACCRA, Ghana – The Board of the Global Fund to Fight AIDS, Tuberculosis and Malaria has adopted a new strategy which commits the institution to work with implementing countries and partner organizations to sustain and accelerate gains in the fight against the pandemics. The Global Fund aspires to contribute substantially to international goals by saving 10 million lives and preventing 140-180 million new infections from AIDS, tuberculosis and malaria from 2012 to 2016.
The Board also approved a Consolidated Transformation Plan for the organization to improve its risk management, fiduciary controls and governance. The plan will refocus staff and resources on grant management in high-risk countries; reform the way the Global Fund approves grants by moving towards a more interactive process with applicants and partners and strengthen the Board’s governance processes.
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