Global Fund strengthens efforts to prevent corruption

Lusaka- Zambia (PANA) -- The Global Fund to Fight AIDS, Tuberculosis and Malaria announced Friday that it will issue a code of conduct for all suppliers of goods and services in an effort to prevent, detect and sanction anyone involved in misuse of its financing.
The Fund also said it would step up its work with other major financiers of medi cal commodities in the coming months to reduce the risk of corruption and increase the levels of transparency and efficiency, in order to ensure effective use of donor resources in the fight against the three diseases.
"The Global Fund has a zero-tolerance policy towards corruption and we have repe atedly taken firm and public action against any grantees and suppliers when there is evidence that our fundin g has been misused," Michel Kazatchkine, executive director of the Global Fund, said in the statement.
“We will work closely with the other leading funders of global health programmes to reduce the risk of misuse of money earmarked by donors to save lives," he said The Fund said it would also clarify and communicate its policy on sanctions agai nst suppliers and that the policy would set out the actions that the Global Fund may take when there is evidence that the Code h as been breached.
The Global Fund is the world's largest financier of programmes fighting AIDS, tu berculosis and malaria, with a total of US$15.
6 billion approved for programmes in 140 countries and with expected disbursements of US$2.
9 billion in 2009.
The Global Fund finances nearly a quarter of all international spending on AIDS and two thirds of global spending on malaria and TB.
Nearly half of its funding is spent on procurements of drugs, bed nets against m alaria, medical equipment and other commodities.

01 may 2009 13:26:00

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