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.
Despite serious concerns about risk, Global Fund approves $316 million in new funding for TB/HIV grants to Nigeria
The Secretariat is recruiting state-level fund portfolio managers for Nigeria
According to the Office of the Inspector General, insufficient progress has been made in assurance and risk management.
In its semi-annual progress report to the Board, the OIG said that its audit work has revealed that despite Global Fund investments in this area, assurance measures have had limited effectiveness and are still not being tailored to the country context.
Although significant progress was made since the last Board meeting on implementing agreed management actions, the total number of overdue AMAs and the proportion of overdue AMAs have both increased.
This information was contained in a paper prepared by the Office of the Inspector General for the Board meeting on 16-17 November. The paper included a response from the Secretariat.
Papua New Guinea has signed a $14.2 million grant with the Global Fund under the new funding model that emphasizes outreach and targeted prevention messages for key populations, as well as continuing service delivery even to the most remote areas in the Pacific nation.
In November 2014, at its 32nd meeting, the Global Fund Board adopted a new risk management policy that sought to outline in comprehensive detail the shared responsibility within the organization to nurture a culture that encourages prudent risk-taking within the context of maximizing impact of investments in the fight against the three diseases.
Reports on audits of grants in Rwanda and Ecuador were released by the Office of the Inspector General (OIG) at the end of December.
At the global epicenter of the HIV epidemic, intravenous drug use and sharing of syringes, needles and drug use paraphernalia, unprotected sex, multiple sexual partners, and low and inconsistent condom use are among the drivers of the spread of the virus . Equally, prisoners comprise a key vulnerable population contributing to the epidemic.
A UNAIDS special report released in November has warned of a risk that regional progress in Asia and the Pacific in stemming the spread of HIV is stagnating, recommending a closer look at value for money and strategic targets for external and domestic co-financing of prevention, treatment and care activities.