Noting the Global Fund to Fight AIDS, Tuberculosis and Malaria recently secured $12 billion in new pledges at a replenishment conference, J. Stephen Morrison, senior vice president and director of the Global Health Policy Center at the Center for Strategic and International Studies (CSIS), and Katherine Bliss, a senior associate at the CSIS Global Health Policy Center, write in a publication on the CSIS website, titled “Refueling The Global Fund,” “One clear conclusion emerged: international confidence in the fund has been restored.” They continue, “Beneath the bonhomie however were signals of tough challenges that persist.” Morrison and Bliss describe the prospects for long-term government and private sector support for the Global Fund; the challenge of “achieving substantial ‘country ownership’ by recipient countries”; and the implications of the U.S. Global Fund pledge for PEPFAR (12/11).