Global Fund to Fight AIDS, Tuberculosis, and Malaria: Background and Current Issues [November 6, 2003] [open pdf - 64KB]
From the Document: "The Global Fund to Fight AIDS, Tuberculosis, and Malaria, headquartered in Geneva, Switzerland, is an independent Swiss foundation intended to attract and rapidly disburse new resources in developing countries for the struggle against infectious disease. The Fund is a financing vehicle, not a development agency, and its grants are intended to complement existing efforts rather than replace them. Approximately $4.8 billion has been pledged to the Fund, while about $1.7 billion has been received or was in process as of November 1, 2003. A May 2003 report by the U.S. General Accounting Office (GAO) praised the Global Fund for 'noteworthy progress in establishing essential governance and other supporting structures' but noted that the Fund's ability to finance additional grants was threatened by a lack of resources. At the June 2003 Global Fund Board meeting, Executive Director Richard Feachem appealed for $3 billion in additional contributions through 2004, including $1 billion from the United States, $1 billion from Europe, and $1 billion from other sources. The origins of the concept of an independent funding mechanism to fight infectious disease lie partly in ideas developed in the 106th Congress and in proposals made by U.N. Secretary General Kofi Annan. The Fund was established in January 2002, following negotiations involving donor and developing country governments, non-governmental organizations (NGOs), the private sector, and the United Nations."
CRS Report for Congress, RL31712
U.S. Dept. of State, Foreign Press Centers: http://www.fpc.state.gov/