27 May 2021
Global Fund internal controls, which were severely and intensely tested by the COVID-19 pandemic, continue to mature. Controls for key business processes have been strengthened, and monitoring of Technical Review Panel recommendations is improving. The Secretariat has enhanced policies and supporting controls for the grant-making process and strengthened mechanisms to allow investments to adjust to programmatic requirements during grant implementation.
Some issues remain, however. There is limited and inconsistent monitoring of prioritized business processes, policies and controls supporting implementation readiness are not yet embedded in the grant making process, and control gaps remain in market shaping processes.
Overall, we found that organizational controls are suitably designed with no material deficiencies, but that gaps remain in their implementation.