Global Fund to Fight Aids, Tuberculosis and Malaria said on Wednesday
that it is cutting over 100 jobs. The decision came in an overhaul after
a rough financial period and a scandal in which millions of dollars
"The reorganisation process is nearing completion and we estimate that
between 110 and 120 people will leave the Global Fund," said spokeswoman
"Some of them decided to leave, while others were unsuccessful in
finding new positions within the organisation."
Taveau said final details on the restructuring would be announced at the
fund's next board meeting on May 10 and 11.
The Geneva-based fund has risen to become a major player in worldwide
public health since its founding in 2002.
But it has hit difficult times since the global financial crisis, which
curtailed donor spending, and the departure of its executive director
earlier this year after auditors found that $34 million (26 million
euros) had gone missing or been siphoned off in four African countries.
Former executive director Michel Kazatchkine denies any wrongdoing, but
announced on January 24 that he was stepping down amid a management
reshuffle. He has been replaced by Gabriel Jaramillo in the post of
The Global Fund is the main source of funding worldwide for HIV/AIDS,
tuberculosis and malaria initiatives, with grants totaling $22.6 billion
for more than 1,000 programmes in 150 countries.