Global Fund Board
The Global Fund Board has approved two of the twelve Round 6 proposals whose original rejection had been appealed by the applicants. The newly approved proposals are an HIV/AIDS proposal from Egypt that will cost $5.4 million over the first two years, and a TB proposal from Pakistan that will cost $22.6 million. The approvals are subject to a number of clarifications being successfully responded to in a timely manner.
The Global Fund today issued the following press release:
8 February 2007
Professor Michel Kazatchkine Selected as Executive Director of the Global Fund
The Boston Globe today published an article alleging that Richard Feachem, Executive Director of the Global Fund, "has made extensive use of a little-known private bank account, spending hundreds of thousands of dollars on limousines, expensive meals, boat cruises, and other expenses."
The Global Fund board's Nomination Committee has narrowed the list of candidates to be the next Executive Director down to a final three - David Nabarro, Michel Kazatchkine, and Alex Coutinho. The full board will interview the candidates on Wednesday (February 7), and will then make a final decision on Thursday or Friday.
The Global Fund Board has approved an Action Plan for its second attempt at selecting a new Executive Director for the Fund. (As reported in GFO Issue 68, the first attempt failed when none of the shortlisted candidates gained the support of two-thirds of the "donor group" of the Board plus two-thirds of the "recipient group".)
Six months after launching its search for a new Executive Director, the Global Fund reached an impasse at the board meeting that ended on Friday. Despite over twenty hours of intense discussion spread over four days, the board failed to reach consensus on any of the five short-listed candidates.
Key decisions made by the Global Fund Board at the meeting that ended on Friday were as follows.
There's no question that the Global Fund's failure to agree on a new Executive Director is a cause of public embarrassment. But this outcome is in fact the result of one of the Fund's greatest strengths.
This morning, the Global Fund issued the following press release:
2 November 2006
Yesterday the Global Fund Board agreed on a first batch of Round 6 grants, costing $604 million over the first two years. By the end of its meeting on Friday afternoon, it hopes to agree on some additional Round 6 grants. The list of approved grants will be made public at the end of the board meeting.