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Board Decisions

GF/B18/DP06

Approved by the Board on: 08 November 2008

Budget 2009

The Board: 

1. requests the Secretariat to revise the proposed 2009 Operating Expenses Budget in light of the grant approval decisions taken at the Eighteenth Board Meeting; and

2. requests the Finance and Audit Committee (FAC) as soon as possible following the Eighteenth Board Meeting and by no later than 15 December 2008, to review the revised budget proposal and present to the Board for electronic approval, on a no objection basis, the budget in an amount not exceeding US $240.2 million in accordance with the Budget Framework, taking into account the current resource constrained environment with a view to a budget reduction.

Budgetary Implications

The budgetary implications of this decision will not exceed US$ 240.2 million in 2009, which includes an allocation for not more than 570 staff positions.

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