The Global Fund to Fight AIDS, Tuberculosis and Malaria has launched a new funding model to provide more effective investments with greater impact, according to a Global Fund statement. The new model will give countries more flexibility on when they apply for funds and more predictability on the level of available funding. Up to $1.9 billion may be available for the transition period from 2013 to 2014. Full implementation will start in early 2014 and will grant money for the 2014 to 2016 period.

To read the statement, click here.