Key decisions made by the Global Fund Board at the meeting that ended on Friday were as follows.
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Global Fund Board
There's no question that the Global Fund's failure to agree on a new Executive Director is a cause of public embarrassment. But this outcome is in fact the result of one of the Fund's greatest strengths.
Late last night, the Global Fund Board abandoned its efforts to choose a new Executive Director from among the five short-listed candidates. The search will be resumed over the coming months.
Yesterday the Global Fund Board agreed on a first batch of Round 6 grants, costing $604 million over the first two years. By the end of its meeting on Friday afternoon, it hopes to agree on some additional Round 6 grants. The list of approved grants will be made public at the end of the board meeting.
This morning, the Global Fund issued the following press release:
2 November 2006
An independent working group convened by the US-based Center for Global Development has published a 43-page report recommending seven tasks that the new Executive Director of the Global Fund should focus on.
The board of the Global Fund will choose the new Executive Director on Tuesday, October 31, from a short-list of five people chosen by a board committee from among 334 candidates.
As reported in the last issue, GFO wrote on 10 October to the five people who have been short-listed for the position of Global Fund Executive Director, asking them a few basic questions about their background and views, and inviting each of them to respond in 1,000 words. We told them that we would publish their responses, but only if all five agreed.
The Fund's Technical Review Panel (TRP) has completed its assessment of Round 6 proposals, and has recommended that the board approve 85 proposals costing $949 million over the first two years. This represents 43% of eligible proposals, up from 31% in Round 5.
A committee of the Global Fund's board has chosen a shortlist of five people for consideration as the Fund's new Executive Director, to succeed Richard Feachem. The final choice will be made by the full board on 31 October.
According to the Wall Street Journal plus various web sources, the five shortlisted candidates are, in alphabetical order, as follows:
A subcommittee of the Global Fund's board this week interviewed about a dozen leading candidates for the position of Executive Director. The position became available when Richard Feachem, the current Executive Director, announced that he would not seek a renewal of his contract.