Global Fund completes financial review panel

The Global Fund announced completion of the selection of the panel that will review its financial safeguards. The panel’s co-chairs – Festus Mogae and Michael O. Leavitt – “selected the group of eminent persons and experts who will jointly conduct the assessment” and agreed on the scope and timeline of the review, which is scheduled to be concluded by 15 September 2011. The members selected to complete the high-level panel are:

– Zeinab Bashir El Bakri, Director, Office of His Highness the Prime Minister of Kuwait and former Vice-President Sector Operations of the African Development Bank;

– Norbert Hauser, Germany’s Vice-President of the Federal Court of Audit;

– Gabriel Jaramillo, Chairman of the Sovereign Bank Board and Special Advisor at the United Nations Secretary-General Office of the Special Envoy for Malaria;

– The Honourable Barry O’Keefe, Consultant, Clayton UTZ Sydney and former Justice of the Supreme Court of New South Wales (Australia); and

– Claude Rubinowicz, Chief Executive for France’s Agence du patrimoine immatériel de l’État (APIE, Agency for Public Intangibles of France) and former Inspecteur Général des Finances.

The panel “is assessing the risk of fraud and misappropriation in the current Global Fund portfolio, and the systems and controls in place which seek to ensure that the resources reach beneficiaries and are used for their intended purposes. To perform the assessment, the members of the panel will examine a representative sample of grants in countries in different risk categories, drawing conclusions and making recommendations, as appropriate.”

http://www.theglobalfund.org/en/pressreleases/?pr=pr_110504