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.
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The Global Fund used its 33rd Board meeting on 31 March - 1 April to demonstrate its continued maturation as an organization and show that the systems it has put in place are working.
The Global Fund is confident it will weather a perfect storm of currency fluctuations, a straitened environment in international banking and additional financial requirements caused by shortened grants to face no interruption in services through the end of the 2014-2017 allocations period.
Japan has volunteered to host a pre-meeting for the Global Fund's 5th replenishment conference, kicking off the major resource mobilization effort in December 2015 ahead of the official launch of replenishment in mid-2016.
Switching gears from a typical executive director's report to the Board during the Global Fund's 33rd meeting on 31 March, Mark Dybul reflected on the six trips he had made in the first quarter of 2015 that demonstrated what he said were the breadth and flexibility inherent in the new funding model.
A consensus, unanimous vote for the new 'Dream Team' was passed, electing Norbert Hauser of the German delegation and a former interim inspector general as Board chair and Aida Kurtovic, from the EECA delegation and long-time civil society activist, as vice-chair. Campaigning took place behind closed doors and the vote passed easily as the 33rd Board meeting opened on 31 March.
The Office of the Inspector General (OIG) issued its annual report for 2014 and reported to the Board on the implementation of agreed management actions (AMAs) by the Secretariat as part of a presentation at the 33rd Board meeting on 31 March. In a separate report, the Secretariat provided the Board with an update on recoveries.
The Global Fund provided an update on its implementation of the $15 million Community, Rights and Gender (CRG) Special Initiative: technical assistance to improve civil society participation in country dialogue and concept note development, and support for long-term capacity development of civil society networks.
The CRG special initiative has three components:
The Global Fund is urging Ukraine's government to approve a resolution paving the way for emergency deliveries of critical medicines and other health commodities into the country's restive east, part of which is currently controlled by pro- Russian troops.