Page II. NEW AND UPDATED INFORMATION

Assets grow with contributions and vary with investment performance.

Thus, in 1998 the payroll fund (salary amounts in the country) from which social insurance contribution payments were made, had increased by 12 against the preceding year, in 1999 it was 11.7 , in 2000 6.8 , in 2001 8.4 , exceeding the average growth of wages and testifying the growth of labour resources in official economy and an increase in the declared wage amounts.

One obvious way to increase GEF resources would be for donor countries to increase their Replenishment contributions.

Thus, in 1998 the payroll fund (amount of salary in the country) from which the social insurance contribution payments were made, had increased by 12 in comparison with the preceding year, in 1999 it was 11.7 , in 2000 6.8 , in 2001 8.4 , exceeding the average growth rates of wages and testifying to the growth of labour resources in official economy and an increase in the declared wage amounts.

Illicit enrichment

This represents an increase for the year of 13.6 per cent.

The notional pension capital accrues an interest like in the case of the funded pension scheme however, in contrast to the funded pension scheme where the growth of the capital depends on the return on the investment, the growth of the first tier capital depends on the wage growth in the country.

During this period, contributions to regular resources grew by 12 per cent, to other resources regular by 57 per cent and to other resources emergency by 63 per cent.

The growing trend towards South South investment flows would also lead to an increase in South South investment disputes.

Their resources must be increased.

In a situation where you have growth, you put the new money into this.

35. With the opening up of the capital account, there has been a tendency for currencies to appreciate as a result of increased capital inflows.

Non core resources more than doubled, while core resources grew at a much slower pace.

The Fund has been replenished five times.

Higher growth of the minimum wage than of the average wage.

Wages are very low, and although they have increased considerably, they are still insufficient wages have increased by 22 per cent in the public sector and as much as 300 per cent in the private sector over the last two years.

In contrast, other resources had grown by 60 per cent during the same period and other emergency resources by 120 per cent.

Saving Resources to Save Growth

Capitalists for Inclusive Growth

The Executive Board

Annual session

Resource growth in the biennium

Rental and maintenance of premises

In addition to the growth in other resources, significant growth in regular resources programme expenditures is projected for 2006 2009.

In particular, additional resources were requested for 10 new posts, the reclassification of 6 posts and the outsourcing of additional investments.

(b) Presentation of a resource growth which includes all requested increases in resource requirements for 1998 1999 at 1997 prices

Some had been able to benefit through increased investment flows, surging exports and an appreciable rise in per capita income.

I also urge Member States to increase core funding and reduce the proportion of earmarked funds so as to help increase coherence in the system.

Fostering investment and growth

In line with the increases in income and cost recovery from other resources, regular resources programme expenditures will increase by 21 per cent from 879 million to 1,065 million.

More ways for capital to flee, coupled with slow demand growth and high unemployment, had raised global profits without encouraging investment.

Reducing the budget deficit by limiting government spending and combating a culture of tax avoidance will increase total domestic savings available to invest. Convincing foreign direct investors that India is a reliable destination will increase the inflow of long term funds.

In 2004, the Ministry of Community and Social Services (MCSS) announced a three percent increase to agencies that have not received a funding increase in several years.

(d) Increase resource flows to Africa, including foreign direct investment

The proportion of investments in North American currencies was increased to 54 per cent from 48 per cent, in European currencies it was increased to 33 per cent from 30 per cent, and investments in Asian currencies were decreased sharply to 11 per cent from 20 per cent.

Improvements in the business environment as well as increased investment outlays especially in the agri business sector also provided an impetus to growth in non metal exports.

(Additional resource requirements 3,001,900)

Office of the Ombudsman

Non core resources also experienced steady growth.

(c) Availability of means for wage increases

Records added to UNBIS

To be specific, we need to foster growth, based on increased investment.

) which is a comprehensive effort to promote economic growth, increase competitiveness, expand and improve social investment and reduce poverty.

The changes in the different types of wages during the last few months have been as follows between January and December 2003 the minimum wage improved in real terms by 0.26 contractual wages increased in real terms by 0.15 and the average IMSS contribution wage increased by 2.7 in real terms between January and October 2004.