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New General Manager Discusses Future Of Global Fund With Wall Street Journal

In an article examining recent developments at the Global Fund to Fight AIDS, Tuberculosis and Malaria, the Wall Street Journal interviews Gabriel Jaramillo, the Colombian-born Brazilian citizen and former CEO of Sovereign Bank who will become the fund’s new general manager this week. Following “disclosures of misused funds and a slowdown in global donations,” the “new chief … plans a major overhaul of operations following an assessment urging improved management,” according to the newspaper. 

“Jaramillo said he will focus on ‘establishing a disciplined private-sector governance process’ for managing grants, improve risk management from country to country, and try to raise new money,” as well as “strengthen the fund’s forecasting,” the Wall Street Journal reports. “He said he hopes to hold a fundraising conference ‘later in the year’ as global health organizations are calling for an emergency fundraising effort,” the newspaper writes (McKay, 1/30).