GF/B07/DP6
Approved by the Board on: 19 March 2004
Replenishment Mechanism
- The Board adopts Annex 5 of the Report of Resource Mobilization and Communications Committee (GF/B7/10) on the Voluntary Replenishment Process (as amended) in terms of purpose and scope of the voluntary replenishment, its period and coverage and requests the RMCC to further develop detailed operational modalities to be presented at the Eighth Board meeting.
Amendment (on pages 37-38)
- The Fund will ask donors, who participate in the replenishment mechanism, to back all pledges with either cash, or promissory notes, callable on a schedule matching expected Fund disbursements. The minimum threshold for promissory notes would be of $1 million.
Amendment: $10 million is replaced by $1 million