CGIAR Fund definition
Examples of CGIAR Fund in a sentence
The Trustee records notations and commitments of CGIAR Fund funds based on Fund Council approvals and transfers available committed funds based on proper fund transfer requests from the Consortium, the ISPC and other approved recipients.
The Trustee has fiduciary responsibility for funds contributed to the CGIAR Fund until their transfer from the CGIAR Fund.
In the event of (iii), fund transfer requests are made in an Operational Currency, provided that Euros are transferred only to the extent available in the CGIAR Fund, the remainder to be provided in United States dollars.
The annual work program and operating budget of the Trustee are financed through the CGIAR Fund.
The annual work program and operating budget of the Fund Office are subject to approval by the Fund Council and are financed through the CGIAR Fund.
All System Costs are paid out of Window 1 in their entirety based on a principle of equitable cost sharing under which Window 1 will be reimbursed proportionally by the CSP taken from all other (non-Window 1) funds contributed to the CGIAR Fund and Bilateral Funds.
The Trustee may disburse Contributions to the CGIAR Fund after such date only with the approval of the Fund Council.
On an annual basis, the financial statements of the CGIAR Fund will be audited by an independent external auditor contracted by the World Bank.
In addition, the following are deposited into Window 1: (a) any refunds from recipients, including the Trustee and Fund Office, regardless of the Window from which the funds were originally received, (b) any investment income generated by funds held in the CGIAR Fund, (c) the CSP amounts from Windows 2 and 3 and the Provisional Account, and (d) the Bilateral Portion of System Costs.
It facilitates harmonization of donor support by providing a single entry point for financing by donors contributing a minimum of US$ 100,000 to the CGIAR Fund.