As 2011 wound to a close the drama around the Global Fund intensified, as did the angst and uncertainty of its future, and prospects for a durable recovery. I began at that time a series of conversations with my co-author and friend, Todd Summers, with whom I had written about the Global Fund at its creation a decade ago, and who has remained integrally involved in the Fund's work. We agreed it would be valuable to compose a candid, fair-minded look back at the root causes of the Fund's travails, combined with a positive but realistic look forward, focused on the emerging, fragile path to the Fund's restabilization.
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