OTHER HIGHLIGHTS IN THE 2016 ANNUAL FINANCIAL REPORT

Author:

Aidspan staff

Article Type:

Article Number: 10

ABSTRACT We correct an error in an article in GFO #311 on the main decisions made at the Board meeting held on 3-4 May 2017 in Kigali, Rwanda.

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.