Enhanced Financial Reporting

Rationale

EFR was introduced to improve the following:

1)     Application of Performance Based Funding and Grant Management;

2)     Transparency and Accountability;

3)     Leveraging additional financial resources;

4)     Responding to requests from the Global Fund Board, donors and stakeholders;

5)     Improving the ability of the Global Fund to assess value for money in its investments.

Guidelines for Completing the Enhanced Financial Reporting Template should be reviewed to assist reporting. As of 1 January 2008, all Annual Financial Reports must be in this format.

Of relevance are the LFA Statement of Work and the LFA Review Template with respect to the EFR. These can both be accessed through the LFA Background Document webpage.