An independent high-level panel commissioned to review the financial safeguard of the Global Fund to Fight AIDS, Tuberculosis and Malaria has recommended major reforms in the way the organization does it business, including simplifying its grant application process and improving financial oversight.
In the final report it submitted to the Global Fund board, the panel urged the organization to set up a robust risk management framework. These recommendations, according to the report, will help the Global Fund transition from an organization focused on emergency response to a full-pledged financing institution focused on responding to global demands for quality health investments.
The panel, which is co-chaired by former Botswana President Festus Mogae and former U.S. health secretary Michael Leavitt, visited 13 countries to review Global Fund documents and policies, and analyzed Global Fund grants in 40 recipient countries.
The Global Fund board has welcomed the panel’s recommendations, which include practical and operational suggestions such as the following:
Strengthen the relationship between the Global Fund secretariat and the organization’s inspector general.
Redefine the functions of the investment, audit and finance committees and create an executive staff tasked to support the board.
Adopt a two-state grant process.
Empower and improve the capacity of fund portfolio officers and country team staff, among other middle-management positions, and appoint a chief risk officer.
Focus on results and quality, instead of input and quantity.
The Global Fund board is set to meet Sept. 26 in Geneva, Switzerland, to discuss the report and prepare an action plan based on its recommendations.
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