Standard Bank, Global Fund extend grant partnership

JOHANNESBURG, (CAJ News) – STANDARD Bank and the Global Fund have extended the partnership to provide better financial tools and skills to organisations implementing programs to fight AIDS, tuberculosis and malaria in the continent.

This is an extension of the pro-bono agreement signed in 2008 between the two organizations.

The MoU extends the relationship between the two organisations for an additional three years.

The partnership between Standard Bank and the Global Fund focuses on improving the financial skills and management expertise of Global Fund implementers.

These include government health ministries, faith based organisations, non-government organisations and private sector foundations.

Through this partnership, Standard Bank is helping with the timely distribution of Global Fund resources and also the reporting requirements of grant recipients.

Chris Newson, Standard Bank’s Chief Executive for Africa said through the partnership with the Global Fund and engaging with its grant recipients and program implementers, they were helping to make sure that grant efficiency and effectiveness was improving, which ultimately had a positive impact on the fight against the three diseases.

By engaging our employees directly in this work, Standard Bank is building a strong connection to communities where it operates as well as to one of the world’s most essential development organizations, said Newson.

Antonello Barbaro from the Global Fund echoed the sentiments.Through our work with communities across the continent we have found that financial and management skills play an important role in extending the impact of donor funding,Barbaro said.

Over the past seven years there has been a positive impact of this partnership across a number of countries.

The Global Fund mobilizes and invests US$4 billion a year to combat the AIDS, tuberculosis and malaria epidemics. It supports programmes run by local experts in countries and communities most in need. More than 50 percent of that funding is directed to countries in Africa.

CAJ News

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Posted by on Aug 17 2015. Filed under Africa & World, Featured, Finance, Finance & Banking, National, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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