Aidspan, an independent watchdog of the Global Fund, on Tuesday published Issue 178 of its “Global Fund Observer.” The issue features an article regarding applications for funding under the Bridge Funding Mechanism (BFM), currently being processed by the Global Fund Secretariat; an article on the reorganization of the Global Fund Secretariat; an analysis examining financial transaction taxes to potentially generate additional revenue for the Global Fund; and excerpts from three recent commentaries on the current state of the Global Fund (3/13).