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The Fund is hoping to raise an additional $500 million before the next replenishment conference
Audits and investigations in 2015 reveal that many issues remain
Board wants to see quicker action on managing risks and strengthening internal controls
The Office of the Inspector General says that its analysis shows that The Global Fund has demonstrated a steady and progressive improvement in organizational maturity over time, and that the work done in 2015 confirms that positive trajectory.
Contains vision and mission statements and four focus areas
The Global Fund has approved the framework for the next strategy. The strategy itself, which will cover the period 2017-2022, will be approved at the first Board meeting in 2016.
Implementing the recommendation will require dramatically increased financial support from donors and governments
Pre-replenishment meeting concludes in Brussels
Private sector urged to contribute significantly more
“If we don’t seize this moment, we will be dealing with these diseases for generations,” Global Fund Executive Director Mark Dybul told his audience at the Preparatory Meeting of the Global Fund Fourth Replenishment.
As of 31 December of 2012, donors had pledged $10.4 billion for the 2011–2013 replenishment period. This is a 13% increase over the $9.2 billion pledged at the actual replenishment conference in October 2010.
The difference comes primarily from pledges made following the New York conference. A group of donors, including Belgium, Netherlands, Saudi Arabia and Sweden, announced their pledges after the conference.
Says if target achieved, 87% of total funding needs for 2014–2016 could be covered
Target almost 50% higher than what was pledged for 2011–2013
Global Fund projects uncommitted assets worth $1,428 million by end 2014; $2,112 million by June 2015
FOPC says forecast should be interpreted cautiously
The Global Fund is now forecasting that it will have uncommitted assets worth $1,428 million by December 2014. The forecast was prepared by the Secretariat and was presented to the Global Fund Board at its meeting on 13–14 September 2012. The forecast represents an increase of $373 million over the forecast presented to the Board at its 26th meeting in May 2012.