Board Decisions

GF/B20/EDP05


Approved by the Board on:
17 December 2009


Approval of Phase 2 Funding for December 2009

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.

See attached tabledetailing total recommended funding amount of US$ 100, 337, 574 for the following grants: BUL-607-G02-T ; CUB-607-G02-H ; GEO-607-G06-H ; MOL-607-G03-H ; PKS-607-G06-T ; PKS-607-607-T ; PHL-607-G07-M ; TGO-607-G06-M ; TGO-607-G07-T ; VTN-607-G04-H ; VTN-607-G05-T


Notes

2 - The Bulgaria Round 6 TB, Togo Round 6 Malaria and Togo 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 1 December 2009, 2009 (Euro1 = US$1.5074).

3 - Where the Board approves additional funding for a period greater than two years, the Secretariat is required to commit that additional funding limited to two years. A third year of additional funding may subsequently be committed by the Secretariat, not earlier than eighteen months from the start of additional funding, conditional upon the availability of funding.

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