A global fund is an investment firm that utilises individuals’ funds to purchase stocks and bonds from various parts of the world, including the US. It functions as a large savings account that invests in diverse assets. There are other fund types, such as those that concentrate on rapid profit-making, those that solely invest in a single country, and those that invest in secure assets like government securities. Certain funds impose a commission, while others do not.
A global fund, also known as a world fund, is a type of mutual fund that invests in stocks and bonds from various countries, including the United States. By investing in a global fund, your money may be used to purchase stocks in companies based in the United States, Europe, Asia, and other regions, allowing for diversification and potential risk reduction. In contrast, a single-country fund only invests in companies from one specific country outside of the United States. Overall, a global fund is a suitable choice for investors looking to diversify their portfolio and potentially achieve higher returns by investing in companies from different regions.
The Global Fund is an international financing organisation that aims to fight against HIV/AIDS, tuberculosis, and malaria by providing financial resources to countries in need.
The Global Fund operates by mobilizing and investing funds from governments, private sector organisations, and individuals to support programs and initiatives that combat the three diseases.
Yes, the Global Fund is a legal entity established under Swiss law. It operates as a foundation and is governed by its own legal framework.
The Global Fund has robust systems in place to ensure accountability and transparency. It undergoes regular audits, publishes financial reports, and has an independent Inspector General’s Office that investigates any allegations of fraud or misuse of funds.
Yes, eligible countries and organisations can apply for funding from the Global Fund through a competitive application process. The Global Fund evaluates proposals based on their alignment with its strategic objectives and the potential impact on reducing the burden of HIV/AIDS, tuberculosis, and malaria.
The Global Fund has a rigorous monitoring and evaluation system in place. It requires grant recipients to submit regular progress reports, financial statements, and undergo independent audits to ensure that funds are used effectively and efficiently.
Yes, the Global Fund has the authority to take legal action against grant recipients who misuse funds. It has a zero-tolerance policy for fraud and corruption and works closely with national authorities to investigate and prosecute any wrongdoing.
Yes, individuals or organisations can file complaints against the Global Fund if they believe there has been a violation of its policies or procedures. The Global Fund has a dedicated Complaints Mechanism that allows for the submission of complaints, which are then thoroughly investigated.
The Global Fund has strict policies and procedures in place to protect the confidentiality of sensitive information. It ensures that personal and sensitive data is handled securely and in compliance with applicable data protection laws.
The Global Fund has limited liability for any adverse effects or failures in its programs. It provides funding and technical support to countries and organisations, but the responsibility for implementing and managing programs lies with the grant recipients. However, the Global Fund continuously works to improve its programs and address any challenges that may arise.
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This glossary post was last updated: 16th April 2024.
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