Global Fund Announces New Procurement Strategy For Mosquito Nets, Medicines, Other Products
“The Global Fund to Fight AIDS, Tuberculosis and Malaria is changing the way it does procurement, another step for the institution that has undergone major restructuring in the past year,” Devex reports. “The organization announced on Tuesday a new framework that allows it to pool orders from countries purchasing life-saving tools to combat AIDS, tuberculosis and malaria,” the news service writes, adding, “Under the new framework, supplier contracts will have a two-year framework, allowing the fund to monitor supplier performance in terms of pricing, delivery lead time, ownership of facilities, innovation, product quality and value proposition,” Devex notes (Ravelo, 11/6). “In a first step, the Global Fund will sign contracts with seven manufacturers for the largest-ever bulk purchase of mosquito nets treated with insecticide, with immediate costs savings of $51.2 million, and projected overall savings of $140 million for the Global Fund over two years,” according to a press release from the fund. “By using large-scale purchasing power, the new framework provides tremendous value for money. It is expected to lead to greater savings for all partners, and that can translate into even greater impact against malaria,” the press release adds (11/5).