Global Fund to Fight Aids, Tuberculosis and Malaria (GFATM)
The Global Fund to Fight AIDS, Tuberculosis and Malaria (GFATM or the Global Fund) was established in 2002, as an innovative financing mechanism to attract, manage and disburse resources rapidly and to make available and leverage additional resources. Its objective is to make a sustainable contribution to the reduction of infection, illness and death caused by three communicable diseases: HIV/AIDS, Tuberculosis and Malaria. The Global Fund is structured as a partnership between developed countries, developing countries, the private sector, civil society and affected communities. The innovative Global Fund model finances programs developed by the recipient countries themselves, in line with national strategic health plans and priorities.
It also addresses gaps in country efforts to fight the three diseases, strengthening underlying health systems by financing programs that complement those of other donors, and seeks to use its own grants to stimulate further investment by both donors and recipients. The Global Fund’s innovative approach has enabled countries to specifically request cross-cutting health systems strengthening components in their proposals. The Global Fund is one of the largest financiers of health systems today, with an estimated 35 percent or about US$ 4 billion of total approved financing to date supporting key health systems components. The programs the Global Fund supports are continuing to reach and exceed targets, delivering strong and sustainable results and contributing significantly toward the realization of the Millennium Development Goals.
Since the inception of the Global Fund, the World Bank has been working with the organization as a development partner in fighting these diseases. CFPMI serves as Trustee of the Global Fund. The Trustee provides a range of services, these fall into the following categories: (i) financial and risk management; (ii) cash flow and liquidity management; (iii) management of GFATM partner relationships and transactions; (iv) accounting and regular reporting to the Secretariat on the financial status of the GFATM; (v) committing and disbursing trust fund resources and (vi) related IT infrastructure and system development.