Global Fund Board
The Global Fund board's Nomination Committee has narrowed the list of candidates to be the next Executive Director down to a final three - David Nabarro, Michel Kazatchkine, and Alex Coutinho. The full board will interview the candidates on Wednesday (February 7), and will then make a final decision on Thursday or Friday.
The Boston Globe today published an article alleging that Richard Feachem, Executive Director of the Global Fund, "has made extensive use of a little-known private bank account, spending hundreds of thousands of dollars on limousines, expensive meals, boat cruises, and other expenses."
The Global Fund Board has approved an Action Plan for its second attempt at selecting a new Executive Director for the Fund. (As reported in GFO Issue 68, the first attempt failed when none of the shortlisted candidates gained the support of two-thirds of the "donor group" of the Board plus two-thirds of the "recipient group".)
There's no question that the Global Fund's failure to agree on a new Executive Director is a cause of public embarrassment. But this outcome is in fact the result of one of the Fund's greatest strengths.
Key decisions made by the Global Fund Board at the meeting that ended on Friday were as follows.
Six months after launching its search for a new Executive Director, the Global Fund reached an impasse at the board meeting that ended on Friday. Despite over twenty hours of intense discussion spread over four days, the board failed to reach consensus on any of the five short-listed candidates.
Late last night, the Global Fund Board abandoned its efforts to choose a new Executive Director from among the five short-listed candidates. The search will be resumed over the coming months.
Yesterday the Global Fund Board agreed on a first batch of Round 6 grants, costing $604 million over the first two years. By the end of its meeting on Friday afternoon, it hopes to agree on some additional Round 6 grants. The list of approved grants will be made public at the end of the board meeting.
This morning, the Global Fund issued the following press release:
2 November 2006
As reported in the last issue, GFO wrote on 10 October to the five people who have been short-listed for the position of Global Fund Executive Director, asking them a few basic questions about their background and views, and inviting each of them to respond in 1,000 words. We told them that we would publish their responses, but only if all five agreed.