It is good, then, that the Fund has released an internal evaluation of progress made in these last five years.
In our view, the success of the Fund should be judged against its progress in reducing the incidence of these diseases. After all, that is its primary reason for existing.
But as the the FT reported last week, the Fund has made no such progress. In some cases - notably AIDS - things have got worse.
Here, in more detail, is what the evaluators found:
So there we have it: after 5 years of failure and billions spent, we have precious little to show for it. The Fund trumpets the resources it spreads around and the skill with which it manages itself, but it has not managed to reduce disease.
And still they ask for more money to continue on this failing path. Sounds a bit like the US auto industry...