Income derived from investments, other than trust fund investments, shall be credited to the general fund as miscellaneous income.

IV. INVESTMENTS OF THE FUND . 48 79 14

Investments of the United Nations Joint Staff Pension Fund

INVESTMENTS OF THE UNITED NATIONS JOINT STAFF PENSION FUND

Unemployment benefits are paid from the Labour Fund which is the State target fund.

Diversification of investments of the United Nations Joint Staff Pension Fund

(a) Income derived from General Fund investments shall be credited as miscellaneous income.

The real estate investments of the Fund require legal reviews of each investment opportunity.

Schedule 2.1. Environment Fund convertible cash, bank deposits and investments at 31 December 1997

A decision should be made by the Provident Fund on investments with the countries that do not grant tax exemption tot he Fund.

Full responsibility and managerial accountability for the Fund apos s investments rests with the Secretary General.

the report of the Secretary General on the investments of the Fund,A C.5 53 18.

(c) To review terms of reference for an independent external performance review of the investments of the Fund

Appreciation was also expressed for the cooperation between the Secretary and the designated representative of the Secretary General for the investments of the Fund in preparing the joint paper analysing the responsibilities of the Secretary as Chief Executive Officer of the Fund for the administration of the Fund and those of the Secretary General for the investments of the assets of the Fund.

(h) Analysis of the respective responsibilities of the Secretary as Chief Executive Officer of the Fund for the administration of the Fund and of the Secretary General for the investments of the Fund

A. Management of the investments The Board reviewed the investments of the Fund on the basis of a report and accompanying statistical data presented by the representative of the Secretary General.

And we've dedicated we've just raised a new fund, we dedicated 100 million dollars to these kinds of investments.

United Nations Joint Staff Pension Fund Administrative ex penses of UNJSPF (A 52 278) Membership of the Investments Committee

A Tourism Development Trust Fund has been created and will provide about 20 million for investments in gaming hotels.

The Chief of the Risk and Compliance Section will develop a comprehensive risk monitoring mechanism for the investments of the Fund, apply and oversee the process, develop a methodology for a risk and performance analysis appropriate for the investments of the Fund and oversee the reporting.

As fund raising efforts develop and progress reports are provided to current and prospective donors, the Fund would approach the 500 million target by the third year.

11. Environmental investments total investments

Target group members of an unemployment insurance fund (employees, self employed persons and unemployed persons who receive unemployment benefits).

In paragraph 123 of its report, the Board recommended that UNICEF continuously monitor fund raising investments, funding progress and final reports.

Systematic reporting, follow up and measures to ensure compliance are ongoing processes to closely monitor fund raising investments and their returns.

6.4 Income derived from investments of the Working Capital Fund in accordance with regulation 9.1 shall be credited to miscellaneous income.

Migration had a positive side, however, in the form of remittances from Guyanese abroad, which had helped to fund local investments.

3. Notes the concern expressed by the Board over the reduction in the market value of the investments of the Fund and the continuing efforts by the management of the investments to deal with market turbulence

(e) Report of the Secretary General on the investments of the United Nations Joint Staff Pension Fund (A C.5 53 18).

The biggest contributor to that performance was United States investments, which comprise the majority of the Fund apos s real estate portfolio.

They also recognized the need for investments in the computing operations of the Fund, and requested that the needs and requirements of each of the member organizations of the Fund be taken into account in developing the Fund apos s systems.

5. Notes that the amount of 200 million suggested by the Secretary General is an indicative target to fund the Development Account and that no time frame should be specified for reaching that target

9. Any cash balances in the Revolving Credit Fund would be invested and the income and capital gains losses added to the Fund. Initially, it is anticipated that such investment would be short term only but, depending on the position of the Fund, the Secretary General could authorize longer term investments, consistent with the liquidity requirements of the Fund. In that event, he would seek the advice of the Investments Committee. Authorized retained surpluses

But reaching this target is not enough. Governments must create the right policy environment to allow for appropriate investments in research and development to enhance productivity and increase production.

The decentralizing of the Trust Fund programme approval process to regional Project Appraisal Committees resulted in small additional investments from United Nations partners.

1. Executive session on the United Nations Joint Staff Pension Fund Administrative expenses of UNJSPF (A 52 278) Membership of the Investments Committee

The expected date for making all the applications in the Fund and its investments year 2000 compliant is the end of July 1999.

61. The Board recommends that a decision be made by the Provident Fund on investments with the countries that do not grant tax exemption to the Fund. Also, more effective measures should be undertaken to recover the outstanding taxes withheld from the Fund.

Investments

Investments

Investments

4. At the 18th meeting, on 2 November, the Chairman of the United Nations Joint Staff Pension Board introduced the report of the Board, and the representative of the Secretary General for the investments of the Fund introduced the report of the Secretary General on the investments of the Fund (see A C.5 53 SR.18).

These new TRAC 1.1.2 resources would be used exclusively to fund comprehensive capacity development initiatives that target underlying capacity constraints impeding sustainable development.

Initially, it is anticipated that such investment would be short term only but, depending on the position of the Fund, the Secretary General could authorize longer term investments, consistent with the liquidity requirements of the Fund.

The Secretary and the representative of the Secretary General for the investments of the Fund reviewed the provisions in the Fund apos s Regulations and Rules and agreed to submit the following conclusions to the Board