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https://aidspan.org/?post_type=wpdmpro&p=27284

The new funding model (NFM) is a significant departure from the way the Global Fund has done business under the rounds-based system which it replaces. The purpose of this guide is to describe how the NFM works. This guide is suitable for members of country coordinating mechanisms (CCMs), principal recipients (PRs), sub-recipients (SRs), government officials, members of non-governmental organisations (NGOs), donors, and journalists who report on the Fund.