Counterpart financing

ABSTRACT Nigeria has failed to meet its counterpart financing requirements for 2014–2016, and so the Global Fund is docking 15% from Nigeria’s $1,137.4 million allocation for 2014–2016, which amounts to $170.61 million. The funds have been deducted from Nigeria’s ten active grants. To put this in perspective, $170.61 million is larger than what most countries have received as their total allocation.

ABSTRACT The new co-financing requirements are quite different from the counterpart financing requirements which they replace. Rather than using a formula that applies to all countries, the new requirements will be determined on a country-by-country basis.

ABSTRACT The Board has waived certain requirements for funding applications from Iraq, Palestine, Syria, and Yemen because of the current political context and challenging operating environments in these countries and territories.

ABSTRACT In the last decade, official development assistance from donor countries has been increasing, as has the proportion of this assistance going to health, according to a report released by the Global Fund.

ABSTRACT Product Red, the Global Fund"s largest private sector contributor, has now contributed more than $150 million to support Global Fund programmes in six African countries. In 2008, contributions from the private sector and foundations represented 6.6% of total contributions to the Fund. The Fund aims to increase this proportion to 10% in the coming years.

ABSTRACT African governments have not lived up to their commitment in the Abuja Declaration to allocate 15% of their annual budgets to health expenditure, according to a report by the Global Fund.

ABSTRACT Participants at the Global Fund's Third Replenishment meeting in March 2010 weighed the need to scale up Global Fund programmes to meet the health-related Millennium Development Goals by 2015 against the fact that even the lowest resource needs scenario advanced by the Fund involves a significant increase in contributions at a time when national budgets are under pressure.

ABSTRACT Aidspan has released a revised version of Volume 1 of “The Aidspan Guide to Round 8 Applications to the Global Fund." It contains new information on eligibility requirements for Round 8 with respect to what the Fund used to call "counterpart financing", and on measures the Fund has adopted to make it easier to finance health systems strengthening activities.