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Global Fund To No Longer Allow Extensions For Grants; Countries’ Unspent Money Will Be Reallocated Into Fund’s Next Funding Cycle

Devex: Global Fund pushes countries to spend faster — or lose funds
“The Global Fund to Fight AIDS, Tuberculosis and Malaria is cracking down on countries that don’t spend the entire grants they’ve received from the fund for their HIV and AIDS, malaria, and TB programs. In a change in policy, when the Global Fund’s three-year funding implementation cycle ends, countries can no longer apply for extensions to use up the remaining funds. For the first time, the Global Fund placed a firm deadline at the end of December last year which prevented countries with unspent funds from using those funds into the new year. This is a shift from the past when the fund was more flexible on extensions for the use of unused funds…” (Jerving, 3/7).