risk management

4.

Five strategic themes emerge from the OIG’s audits and investigations of Global Fund grants and processes in 2016

4 May 2017
Service quality heads the list of thematic areas

Five significant strategic themes emerged from the work of the Office of the Inspector General (OIG) in 2016:

8.

GNP+ describes “the qualities we will look for” in the next E.D.

3 Apr 2017

In a commentary posted on its website, the Global Network of People Living with HIV (GNP+) has identified three qualities that the next executive director of the Global Fund should exemplify. They are as follows:

8.

OIG audit finds that treasury management at the Global Fund is generally in good shape

31 Jan 2017
However, the OIG says the Secretariat should operationalize the 2014 Board decision to adopt the use of multi-currency disbursements

The Office of the Inspector General (OIG) says that the governance, risk management practices and internal controls related to treasury management are adequately designed and generally well implemented. The OIG audited the treasury function in 2016. A report on the audit was released on 18 January 2017.

3.

The Global Fund’s business model: evolution, not revolution

17 Jan 2017
Board paper recommends improvements to the current model
Feedback received from four constituencies

The Global Fund is in the process of reviewing its business model in high-risk countries. It appears likely that the Fund will proceed to strengthen its existing model rather than make any radical changes to that model – changes that might have included establishing a country presence in some form and in at least some countries.

3.

The Global Fund launches its Prioritized Action Plan in efforts to enhance its risk management and project performance efforts

19 Dec 2016
The Fund believes that the Prioritized Action Plan or PAP, will improve the impact of the programs it finances

In May 2016, The Fund launched its Prioritized Action Plan-PAP to assist the Secretariat and the Board to monitor, assess and oversee the implementation of its strategy to achieve impact with the investments it makes. It was submitted to the Fund’s committees in June 2016 and the GF Board in July 2016, however, a number of the initiatives captured in the PAP were started in late 2015 and in early 2016.

4.

Board members discuss whether there should be changes to the Global Fund’s current business model in high-risk countries

15 Dec 2016
Should the Secretariat have a presence in countries?

Should the Global Fund Secretariat have an in-country presence? At its last meeting in Montreux, Switzerland on 16-17 November, Board members discussed ways to strengthen its current business model in high-risk countries as well as possible alternatives to the model. No decisions were taken.

5.

Progress made on implementing AMAs, though 17 remain long overdue

29 Nov 2016
OIG and Secretariat issue separate reports to the Board

For the first 10 months or so of 2017, 91 agreed management actions (AMAs) were closed and 73 new ones were opened. As of 10 October 2016, there were 17 long overdue AMAs (defined as being more than 180 days late).

AMAs are actions that the Secretariat has agreed to implement following discussions with the Office of the Inspector General (OIG) about problems identified in OIG audits and investigations.

8.

African civil society PRs establish community of practice

17 Sep 2016
The PRs gathered in Nairobi to share experiences

Civil society principal recipients (PRs) from across Africa recently gathered in Nairobi, Kenya to consolidate their collective knowledge and experiences and establish a formal community of practice. From 29-31August, 65 participants from 20 African countries demonstrated their commitment to strengthening the implementation of Global Fund grants through increased collaboration and peer learning.

5.

The Global Fund shows slow but steady progress in organizational maturity: OIG

26 Apr 2016
Audits and investigations in 2015 reveal that many issues remain
Board wants to see quicker action on managing risks and strengthening internal controls

The Office of the Inspector General says that its analysis shows that The Global Fund has demonstrated a steady and progressive improvement in organizational maturity over time, and that the work done in 2015 confirms that positive trajectory.

8.

Risk management processes during grant-making are inefficient and ineffective: OIG

2 Mar 2016
Three-month target for completing grant-making often not met

Current risk management processes are inefficient and ineffective in supporting the identification of risks during grant-making. This is a critical weakness because grant-making aims to identify and pre-empt potential implementation challenges so that implementers “hit the ground running” once grants are signed.

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