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Pettifor, Ann, Conrad Barwa, and Paul Zeitz
Global Fund Debt Conversion: A Joint Report from Advocacy International and the Global AIDS Alliance
Advocacy International and GAA, July 2005, 72 pp

Advocacy International and the Global AIDS Alliance gratefully acknowledge funding support for this report from the following: UNAIDS, The Ford Foundation, The Dorothy Ann Foundation and the Global Fund to Fight AIDS, TB and Malaria.


"This report sets out to establish whether it would be feasible for global health organisations primarily the Global Fund to Fight AIDS, TB and Malaria (Global Fund), which is a leading financing agency in the field to raise additional funds through debt conversions in selected countries. We have described and analysed four possible models for raising funds through a new Global Fund Debt Conversion (GFDC) mechanism. Of these, we favour Model One utlined below as the most ambitious, but also the most attractive in terms of potential new resources generated. We believe that establishing a Model One instrument would require a considerable level of advocacy, but is an eminently feasible option. This feasibility study has focused on a group of seven countries, selected according to the following criteria: Good performance in the past implementation of Global Fund programmes; A lack of systemic healthcare corruption; and A significant level of healthcare expenditures. Finally, the feasibility study was restricted to those nations not currently assessed as Heavily Indebted Poor Countries, or HIPCs. Because HIPCs are already eligible for 100% debt relief on their bilateral debts, debt conversion may not be the first option for mobilising additional resources. The countries we have examined based on these criteria are Pakistan, Peru, Indonesia, Cambodia, Nigeria, Swaziland, Lesotho, and Botswana."

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