Implementing countries have the opportunity to reinvest C19RM funding from the COVID-19 response to longer-term systems for health investments and pandemic preparedness. C19RM Portfolio Optimization allows countries to access additional available funding from C19RM.
C19RM Portfolio Optimization
In June 2022, the Global Fund initiated an exercise called C19RM Portfolio Optimization to meet the needs of the changing pandemic. This process enables countries to better align investments with their revised C19RM priorities.
Wave 1 of C19RM Portfolio Optimization took place between August 2022 and January 2023, as a result of which US$547 million in funding is being made available to eligible countries.
Wave 2 of C19RM Portfolio Optimization took place betweeen March 2023 and December 2023, with approximately US$320 million available. For Wave 2, priority was given to those countries who either did not receive or did not apply for funding in Wave 1, with applicants needing to demonstrate optimal utilization of approved C19RM funds, including reinvestments.