Mr. Darmawan Djajusman, Director of Investment Deregulation, Investment Coordinating Board, Indonesia

Previous positions include Deputy Director General, Foreign Investment Taxation Department Chief, Income Tax Division, Foreign Investment Taxation Department and Chief, Tax Policy and Tax Administration Divisions, Offshore Oil Tax Administration.

Under investment cost, the Secretary Chief Executive Officer explained that the additional resources requested were directly linked to the recommendations made in the report of Deloitte and Touche on the investment process, operations and organization of the Investment Management Service.

This effort will be complemented by investment in Headquarters and mission data collection and information management systems.

CRM systems available for specific markets (legal, finance) frequently focus on event management and relationship tracking as opposed to financial return on investment (ROI).

The working group welcomed the initiatives taken by the Investment Management Service with a view to controlling risks, and diversifying and modernizing its operations.

Investment in payroll systems could provide significant returns in cost avoidance and in better system management.

Historically, the increase of the Fund's value and the speed of the evolution of the market environment have outpaced the build up of investment and operational capability in the Investment Management Service.

During the ensuing discussion, it was noted that the Stockholm Convention was a recent convention which focused on persistent organic pollutants whereas the Basel Convention was long established and had extensive experience in the area of waste management.

The management of this new arrangement is through a contract that may include one or more service level agreement(s).

The Agreement on Trade Related Investment Measures (TRIMs) are rules that apply to the domestic regulations a country applies to foreign investors, often as part of an industrial policy.

But, to facilitate this shift, appropriate financing vehicles must be developed investment and risk management expertise will have to be acquired regulatory frameworks will have to be improved and adequate data and investment benchmarks will be needed.

Under what conditions can one reasonably hope to restart a multilateral agreement on investment? To be viable, such an agreement must recognize the legitimate need for some regulation.

A deeper and more efficient financial sector would also reduce transaction costs and facilitate risk management. Local currency bond markets could help to develop domestic investor bases and mobilize domestic savings to support long term investments.

It invested in education and technology, pushed a high savings rate, enacted a strong and effective affirmative action program, and adopted sound macroeconomic policies.

In some cases, countries are moving beyond that stage and investing in infrastructure such as networks of volunteer centres and improvements in volunteer management capacity.

The key to successful increased investment in water infrastructure is an equally increased investment in water institutions.

The awareness of plan sponsors of the importance of pension fund management has driven the investment methodology and technology applied in pension funds, which has become more and more sophisticated.

For better or for worse, democracy in the region has been accompanied by policies of economic liberalisation and efforts to attract foreign investment, culminating in the signing of the Central American Free Trade Agreement with the US in 2005.

Most important, Europe was able to achieve it only by investing heavily in a multilateral trade system through the GATT and then the World Trade Organization.

(m) Further development and finalization, in consultation with the secretariat of GEF, of a draft memorandum of understanding between the Conference of the Parties of the Stockholm Convention and the GEF Council

With regard to economic and social policy, the government must manage the national debt while encouraging investment and employment and strengthening public education and health programs.

This would enable the PBC to manage domestic demand by allowing interest rates to rise in order to rein in credit growth and deter reckless investment.

In addition to generating routine reports for funding, investment decisions, currency trading, payment investigations and facilitating accounts reconciliation, further high level reporting is being requested by management.

By requiring the Secretariat to manage the Technical Cooperation Fund, the COP has placed a burden on the Secretariat that arguably falls beyond the Secretariat's original responsibilities under the Basel Convention.

In India, the existence of reputed national research institutes and the management style of local companies, for example, were also mentioned as specific factors attracting FDI in R D.

The Department of Statistics (1991) estimates that OFDI stock from Singapore at the end of 1976 was S 1 billion.

This data warehouse system, as the core of the infrastructure of the Investment Management System, would integrate with the other specialist investment applications which support risk and performance, compliance, trading, accounting and internal reporting functions.

The Government would be following up on the implementation of the recommendations of the IPR, which related to modernizing the FDI entry regime, strengthening Board of Investment (BOI) core functions and reforming the tax regime on investment.

Promote the United Nations Convention against Corruption and fight corruption at all levels through policies that emphasize accountability, transparent public sector management and competitive markets

Moreover, while the Rotterdam Convention's resource needs may appear to be significant when viewed in isolation, their incremental costs may be very modest if they are considered within the scope of needs under other chemicals management agreements, such as the Stockholm Convention.

Without first rate expertise in debt management, an economy implementing large scale public outlays risks crowding out private investment through overreliance on domestic savings.

The Compliance Officer will establish the policies of the Investment Management Service in regard to standards of ethical behaviour, review the Service's procedures to ensure their adequacy and effectiveness and monitor the adherence of sub advisers and service providers to the standards of the Service.

The working group noted that the budget, as planned, would implement a significant policy change as regards outsourcing, as well as restructuring of the Investment Management Service.

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Investment costs

Front loaded public investment could be funded through an enhanced European Investment Bank.

Second, investment in real estate development accounts for nearly one quarter of the total.

This agency acts as a one stop shop and as the focal point for investment promotion activities.

It was also reported that UNCTAD had carried out an assessment of the investment promotion capacity of the national investment promotion agency (Agence Nationale de Développement de l'Investissement).

While endorsing the Advisory Committee's recommendations on the Fund's staffing, the United States would like clarification of those regarding the reclassification of staff in the Investment Management Service.

Rather than securing investment for productive sectors of the economy, the financial industry has become adept at securing investment in itself.

Since 1999 the Department of International Protection has not formally updated its strategy for promoting accessions to the 1951 Convention, while situations have evolved.

At the 10th meeting, on 23 May, statements were made by representatives of the Statistics Division of the Department of Economic and Social Affairs, the United Nations Population Fund (UNFPA) and the secretariat of the Convention on Biological Diversity.

I have requested the Department of Disarmament Affairs to provide us with a revised text of the host country agreement incorporating the above elements in order that we may arrange for an early signing of the Agreement.