Azerbaijan

ABSTRACT The Global Fund Board has approved three Round 7 proposals whose original rejection had been appealed by the applicants. The newly approved proposals are from Azerbaijan, Cambodia and Zambia.

ABSTRACT Currency fluctuations are a major concern for Global Fund stakeholders, particularly recipient countries whose domestic currency can experience significant shifts over relatively short periods of time. The strength of both the US dollar and the Euro in recent years has further exacerbated this issue for many countries. However, a significant portion of Global Fund grant monies are managed in ways that limit their vulnerability to such local shifts, thereby protecting grants from major losses due to unfavorable foreign exchange rates.

ABSTRACT The sustainability of HIV, TB and malaria programmes in Azerbaijan is threatened despite the fact that the government has increased its funding for these programmes. This is one of the findings of a diagnostic review of Global Fund grants to Azerbaijan conducted by the Office of the Inspector General.