54th Global Fund Board meeting: the crossroads is drawing closer

This new issue of the GFO is essentially devoted to the 54th Global Fund Board meeting held in Geneva on 12–13 February 2026. It highlights a turning point: under pressure from shrinking aid and the weight of the United States, the Fund is accelerating prioritization and transition, with the risk of shifting risk onto African countries and weakening community responses - especially for key populations. The editorial calls for clear transition scenarios, non-negotiable safeguards, and full transparency on Grant Cycle 8 trade-offs. | GFO Aidspan