The Board approves additional funding for the Phase 2 period for the proposals listed in Schedule A in the amounts indicated for each proposal, with the clear understanding that the amounts approved are upper ceilings rather than final funding amounts, and based on an understanding that the Secretariat shall pursue ongoing implementation arrangements for each proposal consistent with the recommendations set forth in its Grant Scorecard.
The Board reaffirms that the maximum funding amount for Phase 2 of each proposal shall be the sum of the amount approved by this decision and the amount of any funds approved for Phase 1 which have not been disbursed by the Global Fund at the end of the Phase 1 period.
(1) The Burkina Faso Round 6 HIV and Romania Round 6 TB proposals were approved in Euro and the respective CCMs have requested Phase 2 funding in Euro. To give the Board the most up-to-date picture of what the EUR/USD equivalent is at the time of the Phase 2 submission, the recommended incremental funding amount has been computed in USD using the rate of exchange that is published by the International Monetary Fund on its website on 4 September 2009, 2009 (Euro1 = US$1.4262).
(2) The column “CCM Requested Amount” is provided for reference only. The figures with the superscript (2) in this column represent CCM requested amounts which exceeded the limit of the original Phase 2 amount (i.e. [Lifetime proposal amount (adjusted)] – [Phase 1 grant agreement amount]. The Secretariat received comments from the Private Sector Delegation. The comments will be taken into account during grant negotiations.Next Steps: The Secretariat will begin negotiations immediately for the extension of the grants listed in Schedule A.
The reference number of this decision was assigned post-factum.