The GMU looks after the accounting and reporting components of the grant . Monthly reports are produced by IUs and submitted to the GMU. On a quarterly basis the Progress Update/ Disbursement Request form is completed and submitted to the Local Fund Agents (LFA). Moreover, The Global Fund provides a template for the preparation and submission of the Enhanced Financial Reporting (EFR).   

The EFR is designed to improve:

• The application of Performance Based Finance and Grant Management
• Transparency and Accountability
• The leveraging of additional financial resources
• The response to requests from the Global Fund, Board, donors and stakeholders
• The ability of the Global Fund to assess value for money in its investment

The EFR includes direct expenditures and budget for the GF funds at the PR level, at the SR level and the IU level. The PR has the responsibility of collecting financial information for itself and from the SR’s and IU’s and completing the EFR for submission to the LFA.

The EFR requires reporting in the following manner:

• Breakdown by expenditure categories;
• Breakdown by program activities; and
• Breakdown by implementing entities.

The Global Fund provides financing on the basis of a ‘performance based funding’ framework.  Strong performance against planned targets ensures a continuity of funding whereas bottlenecks and delays could threaten program delivery and sustainability.