Multibillion-dollar Global Fund fires internal watchdog whose office found financial losses
GENEVA - A $23 billion health fund trying to restore its image has fired its top internal watchdog, whose office has been uncovering financial losses.
The board of the Global Fund to Fight AIDS, Tuberculosis and Malaria says it terminated the employment of Inspector-General John Parsons "after a careful review of his performance, which was found to be unsatisfactory."
A fund statement Thursday said the board expects to find a permanent replacement to head the Office of the Inspector General within six months.
The fund also is selecting a new executive director Thursday.
The previous director resigned because a review panel that the fund created after Associated Press articles last year about financial losses led some donors to withhold funding, and the fund scaled back its spending.
