In November 2014, at its 32nd meeting, the Global Fund Board adopted a new risk management policy that sought to outline in comprehensive detail the shared responsibility within the organization to nurture a culture that encourages prudent risk-taking within the context of maximizing impact of investments in the fight against the three diseases.
This new policy establishes risk thresholds and an operating framework to guide the Secretariat as it assesses the risks vs rewards of investment -- in the context of finance, operations and programs.
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