GF/B47/EDP17
Approved by the Board on: 18 October 2022
Increasing the Emergency Fund 2020-2022
The Board reaffirms the importance of responding efficiently and rapidly to emergency situations to ensure the continuity of life-saving health services delivered through Global Fund-supported programs. The Board recognizes the devastating impact that recent natural disasters, climate-related events, and ongoing and protracted conflicts such as those in Pakistan, Ukraine, and Somalia have had on the health and well-being of people supported by Global Fund programs and reaffirms the importance of the Emergency Fund in rapidly responding to such contexts.
Therefore, the Board approves the reallocation of USD $ 40 million from Audit and Finance Committee (AFC)-approved portfolio optimization funds to the Emergency Fund.
Budgetary Implications
USD $40 million, funded from available sources of funds identified by the AFC.