Operational performance

However, even continued strong performance by Asia s emerging markets is unlikely to be enough to secure a strong global recovery.

Objective 1. Promote responsible and sustainable management by combining operational performance objectives, personal development for staff and attention to durability.

Strong economic performance reflects strong domestic demand in the US, owing to low borrowing costs and rising asset prices.

An undervalued currency enables an economy to integrate into the world economy on the basis of strong export performance.

THE YEXECUTIVE COMMITTEE OF THE HIGH COMMISSIONER'S PROGRAMME

(f) Operating reserve

Operational reserve

(g) Operational Reserve

Moreover, with the dramatic exception of Yugoslavia, it was carried out peacefully, which contributed to strong economic performance.

Furthermore, the continuation of strong trade performance can be thwarted by adjustments to global imbalances or by rapid increases in oil prices.

Budget projections for 2005 point to continued strong total revenue performance, with an increase of 8.4 per cent above 2004 levels.

Operational framework of the Office

6. PROJECTED OPERATING DEFICIT (1 2 4 5) (213 408 320)

C. Operating Cash Reserve

battalion administration and operational training.

Reduction in operational reserve

F. Status of the Operational Reserve

VI. Projected operating deficit (123 654 491)

3. Projected operating deficit

Note Operational Reserve

Operational Reserve, income generation

Operational reserve, income generation

Note 14. Operational reserve

Note 13. Operating reserve

On the use and level of the operating reserve

The IMF recently established the Short Term Liquidity Facility to help strong performing members facing temporary liquidity problems.

With a low growth ceiling, strong economic performance generates inflationary pressures at a relatively early stage in the growth process.

The very existence of decoupling arguments is a warning that they should be concerned about the continuing robustness of Europe s economy.

In Japan, solid economic performance remains elusive, while prime ministers succeed each other at a breathtaking pace.

The PIIGS debt burden is so high that robust economic performance is next to impossible.

Moreover, the international situation for Argentina is highly favorable, with excellent terms of trade guaranteeing strong performance for producers of raw materials.

In other words, a central bank s primary responsibility is not to preserve the health of the firms that make up the banking sector, but rather to maintain the robust functioning of the economy as a whole.

Β. OPERATIONAL PROGRAMME FISHERY

Change in operational reserve

F. Status of the Operational Reserve . 42 43 19

OPERATIONAL PROGRAMME EMPLOYMENT AND VOCATIONAL TRAINING

6. Operating deficit (3 4 5) (691 370)

Total, line 2 1 622 398 184

Agency op. support 16,522 62,428 63,000

Mighty.

According to estimates by the United Nations, the global economy expanded by 3.8 last year, continuing the strong performance recorded since 2003.

Performance

Projected movement of operational reserve and fund

A designated operational entity shall