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.

Trends in public and private investment over the various Plans

Investors did not provide capital for infrastructure development, which made it necessary for Governments to assume that responsibility.

The balance between these holdings is determined by UNFPA on the advice of UNDP, which maintains the investments on behalf of UNFPA.

Under the new five year plan, investments devoted to women and small enterprises had doubled compared to the previous plan.

The Good Governance in Investment Promotion programme, the linkages programme, the Invest in Peace initiatives and the Blue Books were all designed to help countries in their efforts to implement the IPRs' recommendations.

Investing in Development A Practical Plan to Achieve the Millennium Development Goals, http www.unmillenniumproject.org.

71. In particular, the programme of investment for the Eighth Plan is characterized by

(c) What are the steps in undertaking an investment from plans to operations and how can these steps be facilitated so that potential investors do not lose interest?

Audit of the Investment Management Service investment performance measurement system

The fixed income portion of the advisory services plan is to be discontinued, based on the planned outsourcing of the fixed income portfolio.

Progress has also been recorded in the plan of action on investment promotion activities

Lastly, running and investment expenditure will have to comply with a Master Infrastructure Plan.

National recovery programmes therefore depended heavily on outside financing.

Note SRF indicators 2.1.1 and 2.2.1 relate only to UNCDF investments, whereas 2.3.1 relates to both UNCDF and UNDP investments.

3 For more information see Investing in Development A Practical Plan to Achieve the Millennium Development Goals at http unmp.forumone.com.

It includes accelerated construction of roads for those settlements, a multi year housing investment plan and new infrastructure.

7 United Nations, Investing in Development A Practical Plan to Achieve the Millennium Development Goals (2005).

For example, 98 per cent of the beneficiaries of the Government's microfinance and microcredit efforts were women.

7 See Investing in Development A Practical Plan to Achieve the Millennium Development Goals (1995).

Special emphasis is placed on the Argentine component of the Plan for Regional Investment in Environment and Health.

Calls on the Member States to participate in various schemes which the Bank has recently started implementing and to benefit from the Export Financing Scheme, the Islamic Banks' Portfolio, the IDB Unit Investment Fund, the Islamic Corporation for Insurance of Investment and Export Credit, the Islamic Corporation for the Development of the Private Sector, along with IDB's other existing schemes, programmes and operations.

Available resources were 91 per cent of resources planned in the MPO.

72. It should also be noted that the Eighth Plan (1992 1996) provides for private investment to exceed public investment for the first time, as can be seen from the table below

ANNEX II Scope of the investment audit

Interim Report of the Committee to Promote Enterprise Overseas, May, Singapore Ministry of Finance.

The package recognizes the vital importance of investment in staff.

The latter include such measures as insurance schemes, technical assistance, investment missions and the dissemination of information.

36. UNDP has devoted special efforts to help countries in transition to attract FDI.

11. The DOH Ten Year Investment Plan (1996 2006) entitled, Investing in equity in health embodies the overall goals and strategies for the health sector.

5. For the year 1997, Parliament adopted on 3 February 1997 an increased austerity budget, severely squeezing public investment, with a planned deficit of 36 per cent. Planned revenues amount to LL 4,100 billion against planned expenditures of LL 6,433 billion.

The firm planned to extend its internationalization further, particularly through OFDI, to various other countries.

WFP has invested 2.5 million in the project for a period of two years.

That improvement includes a substantial contribution by investment in job creation, which will have accounted for 25.4 per cent of total investment, compared to 23.5 per cent during the Seventh Plan.

Total administrative, investment and audit costs

UNDP initiatives in microfinance include the following

4. The Board recommends that UNDP monitor returns on investments against prevailing market rates (para. 45).

3 Investing in Development A Practical Plan to Achieve the Millennium Development Goals (New York, Millennium Project, 2005).

The unit receives monthly investment and hedge position reports from UNDP.

Resources had also been allocated to various investment programmes, especially in the fields of education and health.

2005 29 UNCDF business plan 2005 2007 Investing in the LDCs to achieve the Millennium Development Goals

The medium term fiscal objectives aim to enhance domestic resource mobilization for the social and poverty programmes and for investment in infrastructure.

Total investment costs C. Audit costs

Furthermore, unexpected major repairs and replacements, which are not included in the agreed investment plan, will have to be shared by all parties.

i) to devote resources to moving forward with those reform initiatives considered most crucial to enhancing the effectiveness of the Organization and