The Global Fund to Fight AIDS, Tuberculosis and Malaria was established in 2002 as an innovative, multi-billion-dollar international financing institution. It aimed to help the fight against these three diseases by dramatically increasing the amount of funding and directing money to areas of greatest need. The Global Fund is a partnership between governments, development agencies, civil-society organisations, the private sector (including businesses and foundations), and affected communities.
The Global Fund is a financing institution, not an implementing entity, which is ‘country driven’ and ‘performance based’. Country Ownership refers to multi-sectorial partnerships among government agencies, communities, and civil-society and private-sector organisations that determine their countries priorities and makes them responsible for implementing their country’s programmes. Performance-Based Funding refers to the process of making funding decisions and disbursements based on a regular comparison of proven results to time-bound targets. Performance-Based Funding aims to promote accountability and provides incentives for recipients to use funds efficiently to achieve results.
A set of principles guides everything that the Global Fund does from governance to grant making.