Approved by the Board on: 22 April 2005
The Global Fund shall take action to minimize its exposure to currency risk through the following transitional policies that set a framework for currency risk management:
The operational implications and practices shall continue to be reviewed by the Secretariat under the guidance of the FAC to present a full recommendation to set the policy and parameters of the currency risk exposure at the Eleventh Board meeting unless insufficient experience warrants extension until the Twelfth Board meeting.