Amount of the Working Capital Fund

A/RES/1448(XIV)No PDF available

Who created this mandate?

A Resolution of the General Assembly, published in 1960.

What other versions does this mandate have?

2 versions · 1959–1960

1960A/RES/1448(XIV)Amount of the Working Capital FundLatestCompare with previous version
1959A/RES/1341(XIII)Amount of the Working Capital Fund

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What subjects does this mandate have?

6 topics

Budget Contributions Cash Management Financing Funds Loans Special Accounts

What does this mandate say?

6 operative paragraphs

Urges the Member States concerned to give attention to the payment of the outstanding arrears of their contributions ;

Requests the Secretary-General, in addition to continuing his efforts to obtain earlier payment of co_ntributions in keeping with regulation 5.4 of the Financial Regulations of the United Nations, to address a special communication on this matter to Member States and to report on the replies received to the General Assembly at its fifteenth session ;

Decides to increase the level of the Working Capital Fund from $23.5 million to $25 million in 1960, by the transfer to the Fund of the balance of surplus account still available for credit to Members as at 31 December 1958 ($527,988) and by direct additional advances in the amount of $972,012;

Decides:

To continue in 1960, under the same conditions, the authorization granted to the Secretary-General in par;:igraph 4 of General Assembly resolution 1341

XIII

to borrow, on payment of normal current rat~s of interest, cash from special funds and accounts in his custody, for purposes which normally relate to the Working Capital Fund;

( b) To extend the authorization to cover short-term loans from Governments.

5 December 1959.

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