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 <subject>Grant monitoring</subject>
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 <subject>Sexually transmitted diseases</subject>
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<titleInfo>
 <title>The Global Fund to Fight AIDS, Tuberculosis, and Malaria Has Been</title>
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<abstract>Title I of the Global AIDS and Tuberculosis Relief Act act
provided for the creation of a trust fund to be administered by  
the World Bank to combat the HIV/AIDS epidemic. The act mandates 
that the Comptroller General of the United States submit a report
to Congress evaluating the effectiveness of the fund within two  
years of enactment of the statute. In January 2002, the Global	 
Fund to Fight AIDS, Tuberculosis, and Malaria was formally	 
established, but as of May 2002, funds had not been disbursed to 
any project. GAO reviewed the status of the Global Fund and found
that as of May 31, 2002, the Global Fund had received more than  
$2 billion in pledges, with $700 million available for		 
disbursement in 2002. The United States has pledged a total of	 
$300 million to the Fund through fiscal year 2002, and the	 
administration has requested an additional $200 million in its	 
fiscal year 2003 budget request. At its first board meeting in	 
January 2002, the Fund called for proposals for its first round  
of grants and had received 322 proposals for projects in 101	 
countries by the March deadline. At its second board meeting in  
April 2002, the Fund awarded a total of $378 million over two	 
years to 40 programs in 31 countries and also agreed to a	 
fast-track process to approve an additional $238 million for 18  
proposals in 12 countries.</abstract>
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<identifier type="preferred citation">GAO-02-819R</identifier>
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<note>Correspondence</note>
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 <topic>Diseases</topic>
 <topic>Grant monitoring</topic>
 <topic>Grants</topic>
 <topic>Reporting requirements</topic>
 <topic>Sexually transmitted diseases</topic>
 <topic>Trust funds</topic>
 <topic>Infectious diseases</topic>
 <topic>Global Fund to Fight AIDS, Tuberculosis,</topic>
 <topic>and Malaria</topic>
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  <title>United States Public Law 264 (106th Congress)</title>
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 <identifier type="public law citation">Public Law 106-264</identifier>
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