Dear CCM Chair, Vice Chair and the Secretariat,

 

We have processed the CCM Funding Disbursement CCM-CFUND-1622 and confirm the transfer of USD 58,267 from The Global Fund on 23 March 2020.

The Funding Recipient is not expected to confirm receipt of the funds. We will assume the funds have been received unless the Funding Recipient informs us of otherwise within 30 days from this communication.

 

This is the first disbursement agreement GEO-CFUND-2009, covering period 1 March 2020 to 28 February 2021. We received Audit report (1 March 2018 to 29 February 2020). Total validated expenditures was of 129,990 or 93% average absorption rate. The overall cash balance was of USD 11,733 on 29 February 2020 (exchange rate used to convert local currency to USD was 2.817771).

 

We disbursed USD 58,267 as calculated below:

 

(+) USD 70,000        Year 1 Costed Work plan budget

(-)  USD 11,733        Audit verified cash balance as at 29 February 2020.

 

Please do not hesitate to contact us should you have further questions.

 

Thank you for your collaboration.

 

With best regards,

 

Deepanjali Sapkota

CCM Hub Officer
Country Coordinating Mechanism
Grant Portfolio Solutions & Support

deepanjali.sapkota@theglobalfund.org
T: +41 79 589 2552

The Global Fund to Fight AIDS, Tuberculosis and Malaria
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