An article in GFO #311 on decisions made by the Global Fund Board at its meeting on 3-4 May 2017 in Kigali, Rwanda, contained an error in the section of the article on the 2016 Annual Financial Report.
The article stated, in error:
“Other highlights: Disbursements were $3.55 billion, 11% higher than 2015. Operating expenditures were $282.2 billion, a 5.5% savings over the budget of $305 million.”
This passage should have read as follows:
"Other highlights: Grant disbursements were $3.59 billion, 8% higher than 2015. Operating expenditures were $277 million, compared to $298 million in 2015, a 7% decrease."
The online version of the article has been corrected, as have the Word and PDF versions. We regret any inconvenience this error may have caused.