Issues discussed have included the misappropriation of assets, immunities, non conviction based asset confiscation, movement of funds, tracing and trafficking of assets, mutual assistance, restraint, confiscation and return of assets.

20. At 31 December 1997, the current assets of UNICEF, amounting to 716 million, exceeded current liabilities of 528 million by 188 million, disclosing a liquidity ratio of 1.36 1.

The Board s computation of the liquidity ratio of the greeting card and related operations at 30 April 1997 disclosed that its current assets were 4.3 times the current liabilities, thus showing a favourable position.

The availability of the balance of unexpended resources depends on the degree of liquidity of the net assets held.

83. The liquidity ratio determines an organization s ability to honour its short term liabilities from short term assets.

In UNHHSF, the ratio of current assets of 17.4 million to current liabilities of 12.0 million was 1.46 to 1.

Article 46 The Company shall analyze the cash flow of the current year, including the cash flow from operating activities, investment activities and fund raising activities and the major influencing factors.

There is also a need to promote favourable conditions for achieving international stability in private capital flows and to prevent the destabilization arising from swift movements of private capital flows.

A further amount of 1,117,840 was written off during 2004 in respect of non liquid assets.

(c) At 31 December 1997, the ratio of current assets to current liabilities was 1.46 1, below the recommended level of 2 1

Liquid assets are assets that resemble cash, because they can easily be converted into cash and used to buy other assets. The idea seems to be that there are a lot of liquid assets lying around, and that they are being used to get money to bid up the prices of stocks, housing, land, art, etc.

A further amount of 1,117,840 was written off during 2004 in respect of non liquid assets.

C. Investment and capital flows

Fostering an enabling environment for development financial flows, including capital flows investment trade

Capital flows

Trade, investment and technology flows play a crucial role in productivity catch up.

Investment and private flows

INCLUDING CAPITAL FLOWS INVESTMENT TRADE

As mentioned above, these flows not only sustain consumption in home countries but also support investment activities and lead to higher output growth.

An agenda for action could deal with all generic issues related to enhancing productive capacities in trade, technology and investment flows and exchange of experience.

In UNICEF, current assets of 716 million exceeded current liabilities of 528 million by 188 million, disclosing a liquidity ratio of 1.36 to 1.

There is also the questions of freedom for movement of capital and the freedom for movement of persons.

Capital flows and remittances

(g) Private investment flows

(e) Private investment flows

15. Transborder data flows.

Promoting investment and private flows

Cash flows from investing and financing activities

A prudent level of liquidity for UNDP regular resources would be the equivalent of expenditure for three to six months, implying a total liquidity between 200 million and 400 million at current expenditure levels.

13. Resource flows are analysed in this section under two main concepts aggregate net resource flows and net resource transfers.6

(c) Excessive capital inflows can create problems such as currency appreciation, a rise in asset prices, an increase in money supply and subsequent inflationary pressures.

Noting that capital flows, in particular private capital flows, to developing countries have been increasing strongly but that not all countries have benefited from such flows and that short term capital movements can be unpredictable,

Trade, investment and private flows

(ii) The movement of funds, property, equipment or other instrumentalities relating to the commission of such offences.

(c) Financial activities cover the traditional control areas concerned with budget, the flow of funds (revenues and expenditures), related assets and liabilities and financial information

27. There are three main categories of private resource flow loans, foreign direct investment (FDI), and portfolio equity investment.

This flow of money will result in microenterprises hiring additional labour and will thus have a multiplier effect.

In reorganization proceedings also, it may be in the best interests of the estate to sell encumbered assets of a similar nature to provide needed working capital.

There was the view that, in capital markets, long term flows should be liberalized before short term ones.

The Committee recommends that the State party's legislation on abortion include other motives for performing legal abortion with a view to preventing illegal abortion.

Financial resources and overall flows

Code of Liberalisation of Capital

Concerned about the excessive volatility of speculative short term capital flows and the contagion effects in financial markets in times of crisis,

Although salary levels in the market economy are aligned to workforce productivity, a practice is still in force that payments are made on the basis of seniority and degree of education which affects the mobility of the workforce.

However, these flows tend to be more volatile than official flows and pro cyclical.