Losses

ABSTRACT At 30 June 2015, the amount still to be recovered stemming from fraud or improper use of grant monies identified by the Office of the Inspector General was $55.1 million, down from $64.1 million at the end of December 2014.

ABSTRACT At 30 June 2015, the amount still to be recovered stemming from fraud or improper use of grant monies identified by the Office of the Inspector General was $55.1 million, down from $64.1 million at the end of December 2014.

ABSTRACT Although the Global Fund Secretariat says that it has taken measures to speed up the recovery of amounts identified as “losses” by the Office of the Inspector General, few details have been provided. As David Garmaise reports in this article, a losses and recoveries report is supposed to be provided to the Board at every in-person meeting, but has not been provided at the last four meetings.

ABSTRACT Three years after terminating its grant agreements with the Tropical Disease Foundation, principal recipient for five grants in the Philippines, following a finding by the Office of the Inspector General of $1.77 million in “unauthorised expenditures,” the Global Fund has reversed its demand that the funds need to be repaid.

ABSTRACT In a report to the Board, the Finance and Audit Committee's Sub-Committee on OIG Matters asks whether it is worth trying to recover "losses" from "ineligible" and "undocumented" expenditures from grants in the early rounds of funding, considering that these losses occurred some time ago, and the fact that, at the time, the Global Fund and the implementers were in "emergency mode."

ABSTRACT On 31 October 2011, the Office of the Inspector General released the final report of an audit on 12 grants in Sri Lanka, involving three principal recipients. The OIG identified what it called "losses" of $2.6 million. Two of the PRs disputed some of the OIG's findings.

ABSTRACT The Global Fund's decision to temporarily suspend its grants to Uganda has been the dominant story in the Ugandan media during the past two weeks. The government has set up a formal commission of inquiry led by the country's chief judge, and has said that if necessary it will recover lost money by selling the property of those found guilty of misappropriating it.