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FORECAST OF UNCOMMITTED ASSETS

FORECAST OF UNCOMMITTED ASSETS

In an article in GFO 195, we said that “the calculation of committed assets in the forecast includes a provision of $171 million to fund the Affordable Medicines Facility–malaria (AMFm) up to the end of 2013.” This is incorrect. The $171 million for the AMFm is not included in the forecast. The Board paper in which the forecast is discussed says that donor contributions…

OIG RELEASES REPORT ON DIAGNOSTIC REVIEW FOR PERU GRANTS

OIG RELEASES REPORT ON DIAGNOSTIC REVIEW FOR PERU GRANTS

The government of Peru has taken up funding for many activities that were initiated with Global Fund support over the past eight years and has achieved considerable success in the fight against the three diseases. This was one of the conclusions of a diagnostic review of Global Fund grants to Peru conducted by the Office of Inspector General. The review…

SEARCH FOR AN EXECUTIVE DIRECTOR

SEARCH FOR AN EXECUTIVE DIRECTOR

In an article in GFO 195 on the search for the next Executive Director of the Global Fund, we wrote: “As previously agreed by the Board, the final list of four candidates will include at least two women.” We used that same language in an article in GFO 184 in May 2012, citing as our source a news release issued by the Global Fund…

PROCESS LAUNCHED TO SELECT NEXT BOARD CHAIR AND VICE-CHAIR

PROCESS LAUNCHED TO SELECT NEXT BOARD CHAIR AND VICE-CHAIR

The Global Fund Board has begun the process of selecting its next Chair and Vice-Chair. The terms of the current Chair (Simon Bland) and Vice-Chair (Dr Mphu Ramatlapeng) will come to end following the May 2013 Board meeting. According to the By-Laws of the Global Fund, the positions alternate between individuals drawn from the donor voting bloc and the implementer…

FORECAST OF UNCOMMITTED ASSETS INCREASES BY $373 MILLION

FORECAST OF UNCOMMITTED ASSETS INCREASES BY $373 MILLION

The Global Fund is now forecasting that it will have uncommitted assets worth $1,428 million by December 2014. The forecast was prepared by the Secretariat and was presented to the Global Fund Board at its meeting on 13–14 September 2012. The forecast represents an increase of $373 million over the forecast presented to the Board at its 26th meeting in May…

SECRETARIAT AIMS TO FIX “STUCK” GRANTS

SECRETARIAT AIMS TO FIX “STUCK” GRANTS

The Secretariat is making a special effort to fix what it calls “stuck grants.” These are grants to which no money has flowed within the first three months after signature of the grant agreement or, for more mature grants, to which no money has flowed within the last six months. This information is contained in the report prepared for the…

MAIN DECISIONS MADE AT BOARD MEETING

MAIN DECISIONS MADE AT BOARD MEETING

Editor’s Note: Included in this summary is the Board decision on the broad elements of the new funding model. On 13–14 September 2012, the Global Fund Board held its 27th meeting in Geneva, Switzerland. GFO was present, with observer status. The main decisions made at the meeting, in chronological order, were as follows. (For precise wording of what the Board agreed, see…

OIG RELEASES REPORT ON AUDIT OF GLOBAL FUND GRANTS IN UKRAINE

OIG RELEASES REPORT ON AUDIT OF GLOBAL FUND GRANTS IN UKRAINE

In a report on its audit of Global Fund grants in Ukraine, the Office of the Inspector General (OIG) said that the grants had produced positive outcomes and that a number of good practices and achievements had been observed. However, the OIG added, grant administration and financial management require attention “if the Global Fund’s investments to secure health outcomes are…

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