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Fiscal agents reduce financial risks within Global Fund grants but do not build implementer capacity

Fiscal agents reduce financial risks within Global Fund grants but do not build implementer capacity

Fiscal agents have been part of the Global Fund Financial management system in countries with high or moderate fiduciary risks since 2012. According to the Global Fund Guidelines on Financial Risk Management, fiscal agents reduce financial risks originating from weak financial management of principal or sub-recipients of Global Fund grants. This article aims to foster an understanding of the place…

RECOVERIES BACKLOG IS BEING GRADUALLY REDUCED

RECOVERIES BACKLOG IS BEING GRADUALLY REDUCED

The Global Fund continues to make progress ā€“ slowly ā€“ in recovering amounts owing due to fraud or improper use of grant monies based on reports by the Office of the Inspector General. From the inception of the Fund to 30 June 2015, $39.9 million has been recovered, compared to $34.4 million six months ago and $29.2 million a year…

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