Annual Report 1997.

Erschienen 1997 - Broschur 4;; 151 Seiten Seiten; Bibliotheksstempel auf Rückseite Haupttitel, etikettiert; Tabellen; Diagramme; Fotos im Text, - Nineteen ninety-seven was a year in which many of the processes initiated over the last four years came to fruition, creating a new and solid basis on which to intensify efforts to serve IFADs clients, the rural poor. The Fourth Replenishment of the Funds Resources was successfully completed on 20 February 1997 with the adoption of the Resolution on the Fourth Replenishment by the Governing Council. This in turn brought into force the governance reforms that had been negotiated by the Special Committee and adopted two years earlier. The Replenishment provides IFAD with the resources to maintain its level of operations over the next three years, while the governance changes equip the Fund to respond to the shifting international economic and political environment. The Governing Council also approved two proposals that will strengthen IFADs financial position. The first will allow the Fund to diversify its investment portfolio into a broader range of financial assets. Such diversification should significantly raise the income earned on the portfolio over the long run, and thus enhance the resources available to support productive activities by the poor. The second, the Advance Commitment Authority, will give IFAD the flexibility to compensate for temporary fluctuations in the receipt of resources and thus help stabilize the level of programme delivery. Another major Governing Council decision was to authorize IFAD to undertake direct supervision of 15 of its projects. This proposal has been under discussion for several years and had been recommended in 1994 by the Rapid External Assessment team. Direct supervision will provide IFAD with the opportunity to gain hands-on experience of project implementation. Such experience will enable us to develop new standards and benchmarks for project supervision. As a result, we will be able to work more effectively with our cooperating insti...

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