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Transitional Funding Mechanism
The Global Fund Secretariat is responsible for day-to-day operations, including mobilizing resources from the public and private sectors, overseeing grant implementation, providing financial, legal and administrative support to the Global Fund Board, and reporting information on the Global Fund's activities to the Board and the public.
After the Board has approved a proposal for funding, the Secretariat, through the Local Fund Agent, assesses the capacity of the nominated Principal Recipient to manage the implementation of the activities funded under the grant. If the outcome of the assessment is satisfactory, the Secretariat enters into a grant agreement (PDF - 407 KB) with the Principal Recipient. The Secretariat is also responsible for making periodic disbursement decisions (usually every 3, 6 or 12 months) during the lifetime of the grant and recommendations to the Board regarding grant renewal.
More information about the Secretariat