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The Global Fund places strong emphasis on the involvement of stakeholders from all sectors and all regions in the design, operation and assessment of its work. Accordingly, to prioritize issues for the Five-Year Evaluation, the Global Fund commissioned an independent assessment of stakeholder opinion on the Global Fund. The “360˚ Stakeholder Assessment” was implemented between March and July 2006 to solicit feedback on the organization’s reputation, performance, strengths and weaknesses, and to provide critical insight into diverse stakeholder perspectives. Its results have a formative role in shaping the focus and methodology of the Five-Year Evaluation. The assessment consisted of an online opinion survey. Responses were received from over 900 respondents across the world, representing all major stakeholder groups and regions. Overall, the results show that stakeholders generally hold high opinions of the Global Fund’s reputation and performance, and support the approach to the Five-Year Evaluation.