In November 2014, at its 32nd meeting, the Global Fund Board adopted a new risk management policy that sought to outline in comprehensive detail the shared responsibility within the organization to nurture a culture that encourages prudent risk-taking within the context of maximizing impact of investments in the fight against the three diseases.
The Global Fund used its 33rd Board meeting on 31 March - 1 April to demonstrate its continued maturation as an organization and show that the systems it has put in place are working.
Switching gears from a typical executive director's report to the Board during the Global Fund's 33rd meeting on 31 March, Mark Dybul reflected on the six trips he had made in the first quarter of 2015 that demonstrated what he said were the breadth and flexibility inherent in the new funding model.
A consensus, unanimous vote for the new 'Dream Team' was passed, electing Norbert Hauser of the German delegation and a former interim inspector general as Board chair and Aida Kurtovic, from the EECA delegation and long-time civil society activist, as vice-chair. Campaigning took place behind closed doors and the vote passed easily as the 33rd Board meeting opened on 31 March.
While governance officials have a responsibility to represent their constituencies, “they are ultimately obligated to work in the best interests of the Global Fund,” according to a code of ethical conduct adopted by the Board at its meeting in Geneva on 31 March–1April 2015.
Senegalese national Mouhamadou Diagne will take up his new role as the Global Fund's inspector general from March 2015, replacing the outgoing IG, Martin O'Malley, it was announced in late December.
Countries from Latin America and the Caribbean have submitted six concept notes under the new funding model (NFM) as of end-September, with another eight expected in the October submission window, according to a calendar shared with Aidspan.
Three of the first six notes submitted were returned following a review by the Technical Review Panel; the revisions are expected to be completed in time to catch the November TRP window.
In September 2012, as part of the overall transformation of the Global Fund, the incoming new chief financial officer Daniel Camus also took up the challenge of reforming the Fund’s financial management. Over the past 18 months, he has led a growing team of financial experts whose work has now touched nearly all aspects of the Global Fund’s operations.
The Global Fund is telling countries whose 2014–2016 allocations consisted of only enough money to cover the costs of their existing grants that the money they are receiving has to last until the end of 2017.
The Fund is also telling all countries not to expect to receive any new funding from the 2017-2019 allocation period until the end of 2017.
by Bernard Rivers
In 2011, the Global Fund faced a crisis of confidence triggered by some negative media articles. In line with the old adage that you should never let a good crisis go to waste, the Fund’s Board sought to address a number of weaknesses, some of which had never been previously discussed.