At its meeting on 14-15 November in Geneva, the Global Fund Board approved a 2019 operating expenses (OPEX) budget of $302 million. This means that the Board has met its commitment to stay within a budget ceiling of $900 million for 2017–2019.
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The Global Fund Board approved a 2018 operating expenses (OPEX) budget totaling $312.0 million. This is $12.0 million higher than the 2017 OPEX budget.
On 16-17 November 2016, the Global Fund Board held its 36th meeting in Montreux, Switzerland. GFO was present, with observer status.