Value for Money Working Group Background Paper The Global Fund to Fight AIDS, Tuberculosis, and Malaria Background paper prepared for the Working Group on Value for Money: An Agenda for Global Health Funding Agencies Global Health Policy Program Center for Global Development Revised May 2013 http://www.cgdev.org/section/topics/global_health/working_groups/value_for_money. This report is a product of the Global Health Policy Program of the Center for Global Development. The findings, interpretations, and conclusions expressed in this volume do not necessarily reflect the views of the Center for Global Development. This report was prepared by Denizhan Duran and Rachel Silverman under the direction of Victoria Fan and Amanda Glassman.