India contributes 1 million to UN Fund
India has contributed one million US Dollars to the United Nations Special Purpose Trust Fund for the Resident Coordinator System.
India’s Permanent Representative to the UN Ambassador Syed Akbaruddin tweeted yesterday that India is happy to tangibly contribute to reform of the UN Development system.
According to the UN information, Special Purpose Trust Fund (SPTF) is a specific fund housed within the UN Secretariat, established to receive, consolidate, manage all contributions and financial transactions of the new Resident Coordinator system in a transparent and effective way.
SPTF web portal, displays in real time all commitments, contributions and expenditures recorded for the fund.
Funding sources include voluntary contributions from the Member States, the doubling of cost-sharing amounts from the UN entities who are members of the United Nations development system and a one per cent levy applied to contributions for UN development related activities earmarked to a single agency, single programme or project.
SOURCE: DD NEWS