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This page explains the background and methodology used to create Aidspan's Global Fund Grants pages. Each Global Fund grant is divided into multiple 3-month or 6-month periods. At the end of each period, the principal recipient (PR) sends to the Fund a “Progress Update” (PU) reporting on the PR’s performance during the period just completed, together with a “Disbursement Request” (DR) for a future period. The PU is supposed to be backed by evidence that earlier disbursements have been effectively used and have achieved the results that were promised in the grant agreement.
The Global Fund provides results-based funding, which means that the Fund will slow down or terminate grant payments if adequate results are not being delivered. Based on the rating that the Fund has just given for the previous period, the Fund may agree to disburse the amount of money requested in the DR, or a lesser amount, or occasionally no money at all. Aidspan’s grant pages show multiple items of information about each grant, all obtained from the Global Fund website. For each grant, Aidspan provides a graph that displays the following three variables:
This is the cumulative amount of money that the Global Fund has agreed that the PR may – and should – spend on activities funded by the grant.
This is the cumulative amount of money that the Global Fund has disbursed for expenditure by the PR on activities to be funded by the grant.
this is the cumulative amount of money that the PR reports it has actually spent on activities to be funded by the grant.
The Fund evaluates the PU and gives the grant a performance rating for that past period. The possible ratings are as follows:
- Problem 1:
The cumulative expenditure by the PR under this grant is less than 75% of the agreed cumulative budget.
- Problem 2:
No disbursements have been made by the Global Fund for this grant for at least one year.
- Problem 3:
The cumulative expenditure by the PR is greater than the cumulative disbursements that have been made to the PR by the Global Fund, which means that the PR must be using money from some other source to finance activities that are supposed to be financed by the Global Fund.
- Problem 4:
The PR has not made (or at least has not reporting having made) any expenditure under this grant for at least one year.
- Problem 5:
The Global Fund has disbursed less than 85% of the agreed budget.