1 / 11

Standard Bank's Partnership with The Global Fund

Standard Bank partners with The Global Fund to provide financial management assistance to organizations in Africa. This partnership helps facilitate the smooth flow of funds and strengthens the capacity of recipients. Pro-bono services are provided with no conditions attached.

dbutters
Download Presentation

Standard Bank's Partnership with The Global Fund

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Global Fund and Standard Bank partnership

  2. Standard Bank Partnership Rationale The Global Fund receives numerous worthy applications from a myriad of projects in Africa to be implemented by organizations that need financial management assistance Standard Bank has a network and expertise across Africa to help facilitate the smooth the flow of funds Standard Bank provides pro-bono, demand driven assistance with no conditions attached Aligned with Standard Bank’s Corporate Social Investment (CSI) strategy in Africa Differentiates Standard Bank from local competition

  3. Standard Bank, Role in the partnership NOTE: Uganda loses $12m from GF over poor accountability (New Vision 28/10/08) NOTE: Mugabe’s central bank has pilfered £4.5m from aid agency (GF) (Times 7/11/08) NOTE: More than $300m of HIV/Aids health funding to Zambia suspended over corruption concerns (BBC 6/06/10) Standard Bank’s key role in the partnership is to provide free capacity building to Global Fund grantees in the following areas: • Financial management • Accounting and reporting • Records management • Financial records maintenance • Internal audits • Financial/compliance reviews • Performance timely close out • Risk management (including; FX and treasury) • Report writing • Procurement and distribution • Payments • Payments review • Disbursements to sub-recipients and sub sub-recipients Standard Bank and the Global Fund also have collaborative marketing practices which are assessed between the respective partners. All marketing apparel developed in-country must acknowledge both Standard Bank head office and Global Fund Secretariat participation.

  4. Pro-Bono Services Agreement Master agreement between the Global Fund and Standard Bank Sub-agreements in each country between the local Standard Bank and the Principal Recipient Standard Bank/Stanbic will provide advisory financial services at the request of the recipients Aim to strengthen the capacity of the relevant recipient to perform its functions in a more effective and sustainable manner Services have to provided unconditionally and, if the recipient does wish to bank with the local Standard Bank (as we hope they will), then all rules of the Global Fund as regards the procurement of services must be followed

  5. Pilot Countries 2009 and early 2010 Swaziland • 3 Training Workshops • Financial Management, Turbo Cash Installation, Corporate Governance Training • 5 GF Recipient Organisations • PR = NERCHA • 20 Trainees • Marketing: Press release and DVD circulation • 2010 Follow up assessments to plan next steps of training Lesotho • 4 Training workshops • Turbo Cash, Financial Management & Report Writing • 49 GF recipient Organisations • PR = Ministry of Finance and Development Planning • 64 Trainees • Marketing: Press release and DVD circulation • 2010 Follow up assessments to plan next steps of training

  6. Pilot Countries 2009 and early 2010 Nigeria • 4 Trainings Workshop • Advanced Excel (2), Financial Management, and Proposal and Report Writing • 10 GF Recipient Organisations • PRs = Society of Family Health, Yakubu Gowan Center, NACA, ARFH • 81 Trainees • 2010 Follow up assessments to plan next steps of training Uganda • 1 Training Workshop • Financial Management, Turbo Cash and Internal Controls • 6 GF Recipient Organisations • PR = Ministry of Finance, Planning and Economic Development • 13 Trainees • Marketing: Branch posters, press release, DVD circulation The representative from the Ministry of Health opened the workshop and the Ugandan MD closed it and gave out training certificates to all the attendees.

  7. 2010…… Mozambique had a successful introductory meeting with the CCM, PR and SRs. The Ministry of Health endorsed the initiative. Training translated into Portuguese, and commenced in September . Zimbabwe had a successful introductory meeting with the CCM, PR and SRs. The PR has targeted 6 SRs to receive training: National AIDS Council, Zimbabwe AIDS Network, Health Services Board, NatPharm, Ministry of Health & Child Welfare. Training is due to take place shortly. Uganda training recipients have requested more training. Training impact feedback is due mid June when further training sessions will be planned. Nigeria: first training in 2010 took place in May. Excel training perceived as a success by the SRs. Monitoring and Evaluation training held for 25 people from different SRs.

  8. 2010……. Namibian PR requested our support with specific Technical Assistance. Standard Bank Namibia has been invited as a strategic partner with SR - NABCOA to secure GF funding on a PPP basis from PR - UNAIDS Tanzania: Currently GF grants are being channelled through the Central Bank. GF negotiating for funds to be sent directly to the PR. Malawi: Standard Bank team has met with The Global Fund Coordination Committee Secretariat and plan to meet with the Fund Portfolio Manager. The Secretariat fully supports this initiative and views Standard Bank as a strategic partner to attain greater funding from the GF. Democratic Republic of Congo: Through Private Investors of Africa PIA links, Heineken's Director of Health proposed that the bank join forces with other local business coalition members in DRC to provide distribution solutions for life saving HIV /AIDS drugs in the country - Heineken are considering working also with the PR (UNDP) and applying for a GF grant - we have introduced Standard Bank locally and also met with Heineken at the GBC event in Washington. Swaziland: Met with the PR which plans to target bigger SRs. SR assessment too place last week.

  9. Behind the Scene: a dedicated team for the initiative Donor Support Sectors Specialists • Country Co-ordinators - maintain relationships and communication • Contractual relationship with DSSS • Trainers of Trainers • Turbo Cash Accounting package support & implementations • Troubleshooting on an on-going basis • Account maintenance and new business development • Internal and external communications • Marketing material - filming

  10. Conclusion The Global Fund project has been a success: • Demand from countries for more training and interest from additional countries (Tanzania, Malawi, Namibia, DRC and SA) • Reaching out to communities at the grassroots level • Evidence of improved grant draw downs • Promotion of important health messages to local stakeholders to fight the 3 diseases • Standard Bank has won an Excellence in Business Action award from the Global Business Coalition on HIV/AIDS, TB and malaria) in the core competency category for its work with the Global Fund More information: • To see our DVD on the Global Fund and the partnership please see: http://www.theglobalfund.org/en/privatesector/standardbank/documentary/ • To see the partnership article on the Global Fund website please see: http://www.theglobalfund.org/en/privatesector/standardbank • FAQs on the partnership available • Co-partner possibilities using core strengths in combination with other Private Sector names and The Global Fund

More Related