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Is the Global Fund fiscal agent’s model fit for purpose or ready for a review?

Is the Global Fund fiscal agent’s model fit for purpose or ready for a review?

  The Global Fund to fight HIV, TB, and malaria invests in more than 127 countries, some of which are ranked among the most corrupt countries, according to the corruption perceptions index by Transparency International. To mitigate financial risks, the Global Fund sometimes contracts a fiscal “agent to act as an enhanced control function within the implementers to oversee and…

First OIG audit of Liberia’s Global Fund grants highlights that financial management arrangements need ‘significant improvement’

First OIG audit of Liberia’s Global Fund grants highlights that financial management arrangements need ‘significant improvement’

While acknowledging several areas of progress made against AIDS, tuberculosis and malaria in this civil war-torn and Ebola-wracked country, the Office of the Inspector General’s first country audit of Global Fund grants to Liberia highlights inadequate financial management arrangements – including major deficiencies in oversight of sub-recipients – and deficiencies in recording and tracking grant assets, as well as gaps…

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