Global Fund Board
Following a review of why The Global Fund was at risk of not meeting five corporate key performance indicators (KPIs) in the coming year, the Board has approved 10 targets for 2016, two of which have been revised since they were first proposed in November last year.
Although the Implementer Group is not formally part of the governance structure of the Global Fund Board, it nevertheless plays an important role at and between Board meetings.
Detailed assessments of how well the Global Fund has performed against 13 key performance indicators will be presented to the Fund’s Board at its 34th meeting on 16-17 November. The Board will also review the 2016 performance targets for 10 of the indicators, and one additional sub-indicator that measures the efficiency of the Fund’s investment decisions.
The Board of the Global Fund on 25 April approved renewal and interim funding of up to $310 million. These announcements do not represent additional resources but rather reflect the country allocations announced on 12 March.
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.
Representatives from African implementing countries took a step closer in March towards the inauguration of a regional bureau that will help coordinate and harmonize communications on the continent in order to be better positioned to influence decision-making by the Global Fund Board.
DECISION POINT: GF/B31/DP09
The Global Fund Board has approved a framework and roadmap for transition between the rounds-based approach and the new funding model (NFM), aiming to align timelines for grant funding with replenishment of the Global Fund’s coffers.
DECISION POINT: GF/B31/DP06 and GF/B31/DP07
The Global Fund Board on 6 March approved some $300 million in funding to be set aside for special initiatives and regional programs for 2014-2016, in excess of the $10.22 billion that will be allocated to countries during the same period.
DECISION POINT: GF/B31/DP12
The Global Fund has approved a new policy covering all grant extensions, replacing a patchwork of 10 different policies created by past Board decisions.
DECISION POINT: GF/B31/DP04
The Global Fund Board approved operating expenses for the Secretariat in the amount of $298.8 million in 2014, including $20.5 million for the Office of the Inspector General. The Board also approved a decision point requesting monitoring by the Secretariat of foreign exchange fluctuations.