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News Summary: $23B health fund fires top watchdog

Updated at: 11/15/2012 3:35 PM
By The Associated Press

FIRED: The board of the $23 billion Global Fund to Fight AIDS, Tuberculosis and Malaria terminated Inspector General John Parsons, whose office had uncovered millions in financial losses that led some donors to withhold funding.

POOR REVIEWS: The fund said Parsons’ firing was based on performance and independent peer reviews and a report by the board committee that oversees Parsons’ office, which is supposed to function independently.

OTHER EXITS: After reports last year detailed millions of dollars in financial losses, the Geneva-based Global Fund appointed a panel that recommended tighter financial controls and led to the departures of the former executive director and the fund’s chief spokesman.

(Copyright 2012 by The Associated Press. All Rights Reserved.)