Global Fund

In: Business and Management

Submitted By shawali99
Words 1238
Pages 5
Prior to the implementation of the Global Fund, eradication programs and funding for diseases like AIDS, TB, and malaria were inadequate and incapable to meet the pressing needs of global health. With an annual death toll of 6 million people, these three diseases contributed to the highest mortality rates for developing countries by the end of the 1990’s. As an effort to combat the spread of disease, UNAIDS, WHO foundation, and donor countries relied on major support systems of bilateral aid agencies and development banks to disperse funds to governments. But the dispersion of funds was too slow and the “old model” did not enable enough country ownership to even be effective. Due to inappropriate political support and mismanagement of funds, recipient countries like Zimbabwe had high prevalences of HIV ( Zimbabwe 25% of population). The “old model” of funding also largely ignored the fragile states that had ineffective governments and were structurally unable to adequately implement programs. This stagnated the global progress in eradication, since the highest burden of AIDs, TB, and malaria reside in the poorer populations of these states (90%).

At the end of the 1990s, global leaders of the G8 countries (France, Germany, Italy, Japan, United Kingdom, United States, Canada, and Russia) recognized these inadequacies and developed the Monterrey Consensus. It argued that international stakeholders and donor countries must increase funding by contributing at least .7 percent of GNP as Official Development Assistance (ODA) to developing countries. To reach the target ODA and meet the MDGs, the consensus stressed the importance of collaboration among the public and private actors for funding. But it wasn’t till the Paris Declaration/Accra Agenda of Action was the effectiveness of these funds measured. The Paris Declaration/Accra Agenda for Action was an international…...

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