UNDP and the Global Fund are expected to meet the following key performance indicators:  

• 85% budget utilization (as per the Global Fund criteria) of the first year of implementation, reported at end-June/end-December [1];  

• 94% budget utilization, reported in end-June/end-December [2];  

• 90% disbursement utilization, reported in end-March/end-September;  

• AFD Notification Letter sent by CT within 15 days [3] of AFD approval; and  

• Disbursement Notification Letter sent by CT within 15 days of release of the disbursement. 

[1] Budget utilization is reported annually for Focused portfolios. 

[2] The amount committed under the AFD does not include centralized commitments and disbursements. 

[3] All references to “days” in this document shall mean calendar days, unless otherwise stated.