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News/Event Item
Global Fund Continues Search for Director, Approves Grants
The Board of The Global Fund to Fight AIDS, Tuberculosis and Malaria decided today to continue its search for a new Executive Director.
"The Board thoroughly considered a slate of five excellent and diverse candidates, but given differing perceptions of the strengths needed to continue the Global Fund's rapid progress, it could not reach consensus on a single candidate," said Dr. Carol Jacobs, the Chair of the Global Fund Board. "The new Executive Director will need strong and broad support to accomplish our lifesaving mission. The Board has therefore decided to continue the search process, with the goal of identifying and appointing a new Executive Director by its next Board meeting in April 2007."
Also, during its meeting in Guatemala City, the Board approved US$604 million for new grants to fight the three diseases, bringing the Global Fund's total portfolio of grants to US$6.4 billion in 135 countries. It hopes to approve another US$242 million by Friday, as more resources become available.
Nearly half of the financing through these new grants will go to Africa. Half of the grants will go to fighting AIDS, while the other half is evenly divided between tuberculosis and malaria. Over 60 percent of the grant value will go to low-income countries.
Full Global Fund Press Release: http://www.theglobalfund.org/en/media_center/press/pr_061102.asp
category: News from Other Sources : Announcements
contributed by Andrea Welch on 2 November 2006
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