Approved by the Board on: 08 December 2016
Budgetary implications of the decision for Funding Cycle 2017-2019: an estimated annual average of 1,200,000 USD with be included in the OPEX budget for each year of the 2017-2019 Funding Cycle to support activities covered under the Revised Policy. (This annual average represents an increase of 200,000 USD over amounts approved in 2015 and 2016 OPEX budgets with respect to constituency funding. For 2017, this increase will be accommodated within the OPEX approved at the November 2016 Board Meeting).
The Overall Funding Ceiling for future periods (from 2020 forward) will be approved by the EGC in line with the delegated authority from the Board outlined in clause 3c of this decision point.