The Global Fund has retained the services of a
Local Fund Agent (the “LFA,) to perform certain
functions on behalf of the Global Fund,
including:
-
Assessment of the capacity of the Principal
Recipient to implement the Program and
manage Grant funds; and
-
Verification of Principal Recipient’s
progress towards the objectives of the
Program, use of Grant funds and compliance
with the terms and conditions of Agreement.
It is expected that the Principal Recipient
shall cooperate fully with the LFA to permit the
LFA to carry out its functions. To this end, the
Principal Recipient shall, and shall ensure that
Sub-recipients shall, among other things:
-
submit all reports, Requests for
Disbursement and other communications
required under this Agreement to the Global
Fund through the LFA;
-
submit copies of all audit reports to the
LFA;
-
permit the LFA to perform ad hoc site visits
at the times decided by the LFA;
-
permit the LFA to review Program Books and
Records, at the times and places decided by
the LFA;
-
permit the LFA to interview Principal
Recipient personnel and personnel of
Sub-recipients;
-
cooperate with the LFA to identify
additional training and capacity building
that the Principal Recipient and
Sub-recipients may need to implement the
Program; and
-
Cooperate with the LFA in other ways that
the Global Fund may specify.
For Lesotho the LFA is PricewaterhouseCoopers,
based in Johannesburg, South Africa. |
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