Global fund lays out future plans
November 30, 2011
A nonprofit fundraising
organization recently made news when it introduced a brand-new strategy that aims to prevent some of the deadliest diseases in the world from spreading.
The Global Fund to Fight AIDS, Tuberculosis and Malaria announced that its board had approved the Consolidated Transformation Plan for its staff to focus on how the money is distributed and how it translates into meaningful results. The action was taken following concerns from some donors who were worried about how donations were being handled.
The head of the fund said the new plan would help it distribute the $4 billion in its account.
"The five-year strategy and transformation plan adopted at the meeting together commit the Global Fund to shift to a new funding model that focuses on investing strategically in countries, populations, and interventions with high potential for impact and strong value for money," said Global Fund chair Simon Bland.
According to its site, the fund hopes to make financial resources available to those fighting disease and pursues an "integrated and balanced approach" to prevention and treatment of diseases.