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.
A High Level Panel led by former President Mogae of Botswana and former US Secretary of Health and Human Services Michael Leavitt has recommended in its report, released yesterday, that the Global Fund make some major changes in its structure and working methods.
The pledges made to the Fund for 2008-10 at last week's Replenishment Meeting in Berlin, as reported above, were impressively large. Global Fund staff said that over the last few weeks, their private estimates of how much would be pledged steadily climbed from $7 billion to $8 billion to $9 billion. The final number was nearly $10 billion.