# Increasing the Grant Cycle 7 Emergency Fund

The Board:

1. Recalls its decision to delegate authority to the Secretariat to increase the amount allocated to the grant cycle 7 Emergency Fund catalytic investment priority for the 2023-2025 allocation period by up to 50% of the amount approved for this priority, pursuant to decision point GF/B47/DP06 (May 2022), using funding made available by the Audit and Finance Committee for portfolio optimization;
2. Acknowledges the need for additional funding above the delegated authority of 50% of the approved priority amount of US$12 million;
3. Approves the reallocation of US$30 million, from portfolio optimization funds approved by the Audit and Finance Committee, pursuant to decision point GF/AFC26/EDP01 (October 2024), to the Emergency Fund; and
4. Reaffirms its commitment to ensure that the Emergency Fund has sufficient funding to respond swiftly to current and future emergency needs within the Global Fund portfolio.