Approved by the Board on: 13 August 2011
The Board notes that the conditions for approval of the Additional Commitment for the DRC Round 7 HIV grant to the United Nations Development Programme have not yet been satisfied to a standard which would allow the grant agreement to be signed. However, due to the need to continue to provide services and to prevent potential stock-out of life saving medicines, and in light of the additional risk mitigation measures that the Secretariat proposes to address the risk of weak internal controls at both PR and SR levels, the Board decides to replace the two Board conditions approved in January 2011 (B22/EDP/1) with the following conditions in order to allow the signing of the Phase 2 extension to proceed:
This decision does not have material budgetary implications for the 2011 Operating Expenses Budget.