Audit & Finance Committee

Abstract: The Global Fund achieved positive results on lives saved and financial and operational performance in 2022. However, disease incidence reduction progressed to slowly. While there were generally positive trends on key performance, indicators for resilient and sustainable systems for health, final targets were not met for some of them. The OIG 2022 Annual Report warns that the confluence of many major global risks threatens the ability of the Global Fund to deliver on its mission against the three diseases. Attention must therefore be paid to the findings set out in that report. OIG has also drawn attention to the fact that inadequate risk assessment and prioritization of country level interventions have slowed progress in mitigating sexual exploitation, abuse and harassment. Also disappointingly, the Agreed Management Actions Progress Report shows a trend of increasing delays in AMA completion which poses risks for improved grant performance. Steps are needed to identify the reasons for those delays in order to take effective remedial action.

Abstract: The Global Fund’s Audit and Finance Committee met on 15 March 2023 to review the current position of resource mobilisation including: the status of the Sixth and Seventh Replenishments; lessons learned from the Seventh Replenishment; resource mobilization priorities for 2023; advocacy and communication activities; and anticipated risks. The meeting noted the need to continue to pursue all opportunities to identify and mobilize additional funding from both public and private sources. This will require the constant adaptation and implementation of a compelling advocacy and communication strategy that shows both the immediate life-saving outcomes of Global Fund financing as well as the effective support it provides to sustainable systems for health.

The Global Fund is preparing to hold meetings of the three Committees ¾Strategy, Audit & Finance and Ethics & Governance. In this article we provide you with a flavour of the upcoming agenda topics and indicate which ones we will explore in more depth in the pre-Board issue of the Global Fund Observer.

ABSTRACT The Global Fund is preparing to hold meetings of the three Committees 3-4 Strategy, Audit & Finance and Ethics & Governance. In this article we provide you with a flavour of the upcoming agenda topics. Perhaps the most important topic will be the Strategy Committee’s discussion on the proposed Qualitative Adjustment process to the Allocation Methodology 2023-2025, for which a decision is required.