GF/B04/DP26
Approved by the Board on: 31 January 2003
Report of the Monitoring, Evaluation, Finance and Audit Committee (MEFA): Monitoring and Evaluation
- Direct the Secretariat to draft a Monitoring and Evaluation Plan, which will be reviewed by the MEFA Committee and presented to the Board for approval by the June Board meeting.
- Direct MEFA torecommend to the Board for approvala qualified external auditor to audit the Global Fund's financial statements in time to report the audit findings at the June 2003 Board meeting.
- Direct MEFA to discuss the advantages and disadvantages of an independent Monitoring and Evaluation unit versus the use of external auditors to assure objective evaluation and recommend to the Board the preferred method for independent review.