Auditor General of the Republic of South Africa

The financial overview is based on provisional 2004 amounts obtained from ADM FIN.

Investment balances

The 1995 Fish Stocks Agreement is an essential contribution to the law of the sea as regards the management of straddling and highly migratory fish stocks.

These funds are a precious resource in fighting poverty.

Most of these funds are now invested in dollar securities.

However, purchasing certified emission reductions (CERs) from CDM projects could be seen as a conflict of interest (the secretariat would be servicing the regulator issuing CERs and be a participant in the market) and the secretariat would need an account in a registry where CERs can be transferred and cancelled.

Nigeria considers the forthcoming May 2006 review conference of the Fish Stocks Agreement to be of great importance for our efforts to manage fishery stocks.

With respect to the problem of stock management and fishing, we would like to emphasize the need to introduce stricter measures to limit the level of exploitation of most stocks.

And they could demand policy adjustments as a condition for disbursing funds.

We found that cash and investment balances were well managed.

Repatriation and rehabilitation funds had been provided by the International Organization for Migration.

The Review Conference of the 1995 United Nations Fish Stocks Agreement will be held next year to evaluate the effectiveness of the Agreement in the conservation and management of straddling fish stocks and highly migratory fish stocks.

Others will try to direct state funding toward their personal investment projects.

The change in accounting policy has no net effect on aggregated fund balances.

credits (other than appropriations made available by the Meeting of States Parties)

(e) Such sums as may be necessary to enable the Tax Equalization Fund to meet current commitments pending the accumulation of credits such advances shall be repaid as soon as credits are available in the Tax Equalization Fund

Such funds were available for projects in underdeveloped regions such as southern Italy, but he noted that with the expansion of the European Union, those funds would soon be shifted towards the more disadvantaged new member countries.

More funds for equipment, improved facilities, and training would also help.

Figure 2 Month end cash and investment balances (USD'000)

The Agreement provides a framework for the conservation and management of fish stocks in the high seas.

Cash and investments are the main liquid assets of UNDP.

The provisions of the United Nations Convention against Corruption concerning the return of assets should be scrupulously observed.

credits, if any, other than the appropriations adopted by the Meeting of States Parties

Provisional unencumbered balances due for distribution on 1 January 2006

It has been authorized to raise additional funds by selling its own bonds.

The same will apply to remaining stocks of Form A with notes 2004.

This is our shared responsibility and our common interest.

The parent bank would like to use these funds to reinforce the group s liquidity.

Will you work to redefine the criteria by which countries get access to funds?

Reference was made to the need for scientific data on fish stocks and for data on discards.

The recommendation is that these balances be applied against their assessed contributions due in 2006.

Financial regulations 5.3 and 5.5 require that remaining balances of appropriations be surrendered.

But the obligation on States is clear they must impose the assets freeze in full.

The straddling fish stocks Agreement also makes that mechanism applicable to disputes concerning subregional, regional or global fisheries agreements relating to straddling or highly migratory fish stocks.

Whatever our shared endeavors, Asians must take care that they are undertaken through shared responsibilities, shared burdens, shared values, and shared benefits.

The inter agency Common Services Working Group is also exploring the kind of support needed for the implementation of the joint office initiative.

We must reassert our common humanity and our common universal values.

But those foreign exchange balances have grown far beyond the level needed as emergency reserves.

Success will also require more funds for reconstruction, development, and alternatives to opium poppy cultivation.

And, sensing all of this, companies are beginning to deploy the massive precautionary cash balances that they have accumulated.

Through the Agreement, States are obliged to cooperate in the management of straddling and highly migratory fish stocks.

Joint investigations

joint investigations

Common Services and Premises