Daily Archives: January 24, 2011

AP news article cites fraud in four Global Fund grants

By on .

A news report published Sunday by the Associated Press, claiming broad misuse of funds granted by The Global Fund to Fight AIDS, Tuberculosis and Malaria, is causing quite a stir in the global health community and spurred a response from the Fund Monday.

The headline for the AP story – “Fraud plagues global health fund” – would appear to be misleading since the article and the Fund are discussing fraud affecting only a very small number of grants. The Fund is seeking recovery of $34 million in misused funds, which is 0.26 percent of Global Fund disbursements to date…