Report of the Thirteenth Meeting of the CGIAR Finance Committee
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Report of the thirteenth meeting of the CGIAR Finance Committee, held in Brasilia on May 23 and 28, 1998, concurrently with the CGIAR Mid Term Meeting 1998. The report was delivered orally to MTM98, and this written version was circulated later. The slides used in the presentation, a resource monitoring report for 1998, and an update of1998 financing are attached. A draft of the 1997 CGIAR Financial Report was also attached, but has been omitted. The final version of that report is in a separate document. The meeting included a joint session with the CGIAR Chairman and the Oversight Committee.The Committee reviewed the outcome in 1997, and noted that two centers were significantly different from the financing plan, ICRAF above, and ILRI below. It also considered a review of funding trends for the period 1994-1997, with particular attention to the allocation of unrestricted funding and the tendency of donors to place limitations on this funding.In reviewing progress in 1998, the Committee confirmed a lowering of the target figure, and reviewed its earlier decisions on the allocation of the World Bank contribution, consisting of matching funds, special allocations to ICRISAT and ILRI, provision of partnership funds and the System Review, and a set-aside for reserves and special needs including ICARDA, systemwide genetic resources functions, and Central Asia and the Caucasus.Facing the first year of the new system of three year rolling medium term plans, the Committee found the estimate of $405 million for 2001 optimistic, and recommended reducing that target for 1999 from $372 million to $335-$345 million. It foresaw allocating World Bank funds to match contributions of other donors at the same rate as in 1998, 11% of up to $300 million. The role of the Finance Committee was discussed. The Committee met with the chair and several members of the system review panel.