Losses

8.

Recoveries backlog is being gradually reduced

18 Nov 2015
Amount still to be recovered as of 30 June was $55.1 million

The Global Fund continues to make progress – slowly – in recovering amounts owing due to fraud or improper use of grant monies based on reports by the Office of the Inspector General. From the inception of the Fund to 30 June 2015, $39.9 million has been recovered, compared to $34.4 million six months ago and $29.2 million a year ago.

5.

OIG releases first “annual opinion” on the Global Fund Secretariat

1 Apr 2015
Says organizational maturity has improved, but further enhancements are required

There have been progressive improvements in “organizational maturity” since the Global Fund began its transformation process in 2012, but the Fund still has some distance to travel, according to the Office of the Inspector General (OIG).

8.

OIG releases annual report for 2014 and an update on agreed management actions

31 Mar 2015
Secretariat issues report on recoveries

The Office of the Inspector General (OIG) issued its annual report for 2014 and reported to the Board on the implementation of agreed management actions (AMAs) by the Secretariat as part of a presentation at the 33rd Board meeting on 31 March. In a separate report, the Secretariat provided the Board with an update on recoveries.

7.

Global Fund Releases Report on Losses and Recoveries

8 Nov 2013
Twenty percent of the $118 million in losses has been recovered to date
Policies and guidelines on the recovery process to be developed

As of 19 September 2013, $118 million in losses had been identified by the Office of the Inspector General (OIG), of which $23.8 million (20%) had been recovered. Written commitments to repay a further $10.4 million had been obtained.

This information was contained in a Losses and Recoveries Report prepared for the Global Fund Board meeting on 7–8 November in Geneva.

3.

The Global Fund Has Provided Few Details on the Recovery of Funds Identified as “Losses”

5 Jul 2013

The Global Fund Secretariat says that it has taken measures to speed up the recovery of amounts identified as “losses” by the Office of the Inspector General (OIG), and that it expects to be able to report significant progress during the rest of 2013.

1.

Fund Reverses Demand that Former Philippines PR Repay $1.77 Million

21 Nov 2012
Tropical Disease Foundation had five grants terminated in 2009
TDF may implement grants in future

The Global Fund has reversed a demand that it imposed three years ago that the Tropical Disease Foundation (TDF), a principal recipient (PR) in the Philippines, repay the Fund $1.77 million of grant money.

3.

OIG Releases Audit Report on 12 Grants in Sri Lanka

16 Dec 2011

"Losses" of $2.6 million identified by the OIG

 

Two of the PRs dispute some of the OIG's findings

 

5.

Should the Global Fund Try to Recover All "Losses"?, Sub-Committee Asks

16 Dec 2011

Report touches on several issues related to the OIG

 

Sub-committee says that imposing more and more requirements on implementers may cause some of them to "walk away"

 

3.

Global Fund Suspension of Uganda Grants Leads to Nationwide Coverage

7 Sep 2005

The dominant story in the Ugandan media during the past two weeks has been the Global Fund's decision to temporarily suspend its grants to that country. As reported in the last issue of GFO, the suspension took place after a report by a "whistleblower" caused the Fund to commission an investigation by PricewaterhouseCoopers, the Local Fund Agent (LFA).

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