PHA-Exchange> Global Fund Could Dry Up By the Middle of Next Year (2)

[Aviva]

From: <Profitinafrica at aol.com>

Re this article you posted::

> The performance of the GFATM was entirely predictable. The fund is a great
> idea, but it has been hijacked by the UN and ODA establilshment so that it
is
> now perceived as just another boondoggle of the international community.
Who
> needs another black hole to absorb good money?
>
> Richard Feacham has responded to the criticism of accounting and
> accountability by retaining KPMG, Crown Agents and PriceWaterhouseCoopers
to
> "monitor the fund's spending for programs in some developing countries". I
do
> not have details of the engagement contract for these three NORTH
> organizations, but I am sure that the hourly rates to be paid to the staff
of
> these organizations will be substantial. I am also sure that the
methodology
> that these organizations will use will be far from the optimum from the
point
> of view of maximising information for true accounting and accountability.
The
> typical "audit" approach takes an enormous amount of useful information
and
> then summarises it into something that has has rather limited incremental
> value to the public ..... it legitimizes an organization's accounting
without
> providing any incremental transparency.
>
> A organization like the GFATM that requires public trust should not need
KPMG
> and the Crown Agents and PriceWaterhouseCoopers to legitimize its
accounting
> and its processes and the use of its resources ....... it should exude
> transparency and be in a position to celebrate its successes objectively
....
> and be able to have its celebration independently validated.
>
> What the GFATM really needs is a way for the success of its funding of
> programs and valuable initiatives to be put into public display by an
> INDEPENDENT group that is merely interested in publicizing the performance
> ..... good and bad ..... associated with the use of development and
> humanitarian assistance resources in general .... and the GFATM funds in
> particular.
>
> Under the present paradigm for oversight and management and monitoring and
> evaluation .... the PUBLIC is never going to get to know how much good is
> done by the GFATM ..... and unless the PUBLIC gets to know about the value
> that is derived from the use of GFATM resources ..... then the GFATM fund
is
> doomed.
>
> It is not too late ..... but valuable time has been lost
>
> Sincerely
>
> Peter Burgess
> ATCnet