Global Fund announces financial safeguards panel leaders

The Global Fund to Fight AIDS, Tuberculosis and Malaria announced that former President of Botswana Festus Mogae and former U.S. Health and Human Services Secretary Michael O. Leavitt “have agreed to lead a high-level panel of experts that will conduct an independent and thorough review of the Global Fund’s financial safeguards.” Michel Kazatchkine, Executive Director of the Global Fund, commented, “The appointment of this panel is part of the Global Fund commitment to ensuring our financial controls are the most robust possible, and that donor investments go directly to fighting AIDS, malaria and tuberculosis. Sound financial controls and anti-corruption protections are essential elements in our continued ability to save millions of lives, and to facilitating social and economic development in the more than 140 countries we support.” The panel “will assess the Global Fund’s current practices in financial oversight and implementation. The panel will also make recommendations where necessary to help strengthen the Global Fund’s fiscal controls and anti-corruption protections. This review is part of a broader set of measures that continue to be implemented to strengthen the Global Fund’s financial safeguards.”