# Closure

When a Global Fund grant reaches the end of its Implementation Period (IP), a structured closure process is undertaken. The approach and duration of a closure differs among grants.

In cases where a grant continues to the next IP for the same disease component(s) with the same Principal Recipient (PR), the closing IP is reconciled (**IP Reconciliation**) to ensure continuity, accountability, and proper transfer of assets and obligations. Completing the closure process in a timely manner supports the safeguarding of Global Fund resources.

## IP Reconciliation Timelines

- **~3 months before the IP end date**
The PR submits a list of program assets and receivables to be transferred to the next IP.
- **Within 6 months from the IP end date**
The PR submits final reports, pays outstanding financial commitments, transfers approved financial obligations to the next IP, addresses any non-compliant expenditures, and ensures that all assets are properly transferred to the next IP or accounted for.
- **Within 12 months from the IP end date**
The PR finalizes the closure by submitting a Financial Closure Report. The IP is financially closed once all closure activities are completed.

A full Grant Closure takes place in specific scenarios, including consolidation of multiple grants under one PR, a change in PR or transition from Global Fund financing. While it follows the same requirements, it includes a dedicated closure plan and budget.