The Global Fund to Fight AIDS, Tuberculosis and Malaria has quickly become one of the world's largest funders of health programs. Just five years after its founding, it has approved proposals worth $6.8 billion for 448 programs in 136 countries, and disbursed over $3 billion. In this article, originally published in The Lancet, Steve Radelet and Bilal Siddi analyze the first 140 program grants evaluated by the Global Fund and the association between the programs' evaluation scores and various characteristics of the grants themselves (e.g., financial size, disease target, type of recipient), the health sector (e.g., physicians per capita, donor concentration) and the recipient country (e.g., income level, governance ratings).
Key findings include: