I spoke in parliament today about this week's report of the High-Level Independent Panel into the Global Fund's financial controls.
Global Fund Independent Panelhttp://www.youtube.com/embed/yMyqANqOK6U?hl=en&fs=1
21 September 2011
Established a decade ago, the Global Fund to Fight AIDS, Tuberculosis and Malaria has spent US$22 billion and saved six million lives. The Global Fund accounts for two-thirds of global spending on tuberculosis and malaria and one-fifth of global public spending on HIV and AIDS. These diseases are a real threat to Australia, as we saw with the recent outbreak of tuberculosis in the Torres Strait. In June I represented Australia at the Global Fund Partnership Forum in São Paulo, Brazil, where we discussed strategies and heard firsthand from some of the people who have benefited from Global Fund work.
This week the High-Level Independent Panel reviewing the Global Fund's financial controls handed down an important report. It is a major milestone in accelerating reform of the Global Fund to better prevent and detect fraud and ensure funding goes to those in need. It recommends improving financial oversight, strengthening the governance structure, simplifying the grant application process and putting in place a robust risk management framework. We should welcome this rigorous report. It accords with AusAID's ongoing work to improve risk management and value for money. It should not be an excuse to cut global disease funding.
Australia will attend the extraordinary meeting of the Board of the Global Fund on 26 September to consider the report's findings. This will ensure the Global Fund remains strong and continues to provide life-saving treatment for HIV, tuberculosis and malaria. This is a time for bold leadership, recognising that traditional Global Fund donors—the US, Europe and Japan—are in financial difficulty. To maintain AIDS, tuberculosis and malaria treatment for millions of people, the Global Fund will require tens of billions in the coming years.
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