Statement in response to the article about the Global Fund by Associated Press, 10 May 2011

10 May 2011

The Global Fund’s Board Chair, its Executive Director and its Inspector General have always been and continue to be fully committed to transparency and accountability.

Contrary to assertions referred to in an Associated Press article, the Global Fund Board will not discuss any proposal of scaling back the investigations or revealing less about them to donors and the public. These issues are not  - and never have been - on the Board’s agenda.

The Global Fund has appointed an independent, high-level panel to assess and further improve how the Global Fund prevents, detects and deals with misuse of funds. This panel, co-chaired by U.S. Governor Michael Leavitt and former President of Botswana Festus Mogae, will present its work plan at Wednesday’s Board meeting and will deliver its final report in September. The Independent Panel’s report, like all Global Fund reports, will be made public.

“The panel is in itself a testimony to our absolute commitment to openness and to having the best possible ability to detect and deal with misuse,” says Dr Michel Kazatchkine, Executive Director of the Global Fund. “We look forward to an honest and thorough assessment, and hope the Panel will raise our fiduciary controls even further.”

“One of the greatest attributes of the Global Fund, as has been reiterated time and again by many, is its commitment to transparency,” said the Global Fund Board’s Chair, Dr Tedros Ghebreyesus. “The Board is united not to retreat from this commitment. We will continue to be fully open and transparent about our operations, our programs, our work and our results.”

The Global Fund has zero tolerance of fraud and takes decisive action to terminate or suspend grants when serious fraud or misappropriation is identified, as well as prompt action to recover lost funds.