The Board decides to launch Round 6 today.
The Sixth Call for Proposals, including the Guidelines for Proposals approved at this Board meeting, shall be issued by the Secretariat no later than thirty days after the date of this decision.
Round 6 proposals will be approved at the Fourteenth Board Meeting.
The Board requests the Finance and Audit Committee to present an estimate of resources available for Round 6 at the Fourteenth Board Meeting (based on the Comprehensive Funding Policy, as amended at the Thirteenth Board Meeting).
The Board has taken account of the various forecasts of assets presented at this Board meeting (GF/B13/11 Revision 1). The Board, noting the limited level of currently confirmed pledges for 2007, makes an urgent appeal to current and potential donors to expedite and increase their pledges for 2006 and 2007 so that Round 6 can be funded.
The budgetary implications in 2006 of this decision are US$2,025,000, comprised of US$710,000 for LFA fees and $1,315,000 for TRP and Secretariat expenses.