From mobilizing to investing
The Global Fund partnership raises and invests funding in three-year cycles:
Replenishment
Donors pledge new funding at the launch of a new three-year Replenishment period. The Global Fund continues to raise funds over the three years.
Allocation
The Global Fund allocates the funding to eligible countries for three years. The amount available to each country is announced toward the start of each Replenishment period. Learn more >
Implementation
Countries use the funding to implement programs in consecutive three-year implementation periods. Impact is continuously monitored and evaluated. Programs typically begin one or two years after the allocations are announced. Learn more >