Disappointment about the raters performance, and skepticism about the effectiveness of regulation, has led to calls to eliminate any regulatory reliance on ratings. If ratings are not backed by the force of law, so the argument goes, regulators need not worry about rating quality and can leave the monitoring of raters to the market.

(iii) Evaluations coordination and management of the evaluation of programmes and projects, including the preparation of the annual evaluation report, subprogramme evaluations and project evaluations.

(a) The establishment of a Management Performance Board to assess the performance of senior managers

The credit rating agencies would probably evaluate the United Nations for credit rating purposes based on various criteria, including

The Early Childhood Environment Rating Scale Revised Edition, Infant Toddler Environment Rating Scale, and Family Day Care Rating Scale were initiated as performance measures.

Rating agencies have been and should remain an important aspect of modern capital markets. But to make ratings work, the raters need to be rated.

(a) Senior management needs to unequivocally emphasize self evaluation as a priority

Internal audit ratings

With regard to the 2006 2007 work plan, two subprogramme evaluations, three management studies as well as other evaluations are scheduled.

Senior managers should ensure that self assessment is used to promote effective programme management (see annex, action items 12 14).

The United Nations goal with respect to the credit rating would be to convince the credit rating agencies to treat the borrowing as quasi sovereign for credit rating purposes.

Ratings showed that of the 1,251 enterprises listed on the environmental protection credit management register, 134 were not rated temporarily because of production stoppage, not having been checked and accepted, having been shut down, and or other reasons.

Table 1

Table 1 Internal audit ratings

Comments on subprogrammes

The US Senate voted this month to incorporate such a mechanism into the financial reform bill that will now have to be reconciled by the bill passed by the US House of Representatives. Under the Senate s approach, regulators would create rules under which an independent regulatory board would choose raters.

One delegation asked specifically how and for what purpose consultants were graded.

Therefore, providing adequate training and ensuring the accountability of senior managers through the incorporation of self evaluation in their Compacts with the Secretary General will indeed be essential.

(d) Consolidation of policy, planning, monitoring and evaluation functions within a single unit reporting directly to the Deputy High Commissioner.

E. Sub global assessments

A. Subprogramme self evaluation

E. Management evaluation

Each of the island's 37 schools will be evaluated and given a grade.

11. The United Nations International Drug Control Programme (UNDCP) evaluated six of its eight subprogrammes during 1996 1997.

A description of how credit ratings for a United Nations bond would be established is set out below.

The Evaluation and Oversight Unit is comprised of one P 5 (Chief), one P 4 (Evaluation Officer), one Junior Professional Officer and three General Service (Other level) staff.

Any United Nations bond issue would be evaluated by market participants and potential investors by its credit rating, which is a formal evaluation of the creditworthiness of the bond issue by an independent credit rating agency.

I told you, they don't grade you here.

UNOPS participates in the meetings of the High level Committee on Management and of a working group established to assess this matter.

Knowledge of languages is included as a factor in the evaluation form utilized by programme managers and appointment and promotion bodies to assess the relative competence and suitability of candidates.

E. Credit rating of United Nations bond

C. Regional level review and appraisal

And now the country has absorbed another huge blow another downgrade of its bond ratings. Both Moody s and Standard amp

And now the country has absorbed another huge blow another downgrade of its bond ratings. Both Moody s and Standard Poor s now rate Japanese bonds at only their fourth highest level.

The Programme informed the Board that it planned to evaluate the basic course in 1999 and, based on lessons learned, to develop the intermediate and advanced courses.

Ethical responsibility and quality management measures should also be swiftly implemented, together with common procurement management systems, model lease and contract templates, performance rating and evaluation systems, and vendor registration and review measures.

The evaluation apos s recommendations were broadly endorsed by the Senior Management Committee as guidelines for Headquarters and the field.

Subprogramme 2

In line with OIOS recommendations, the Office proposes to establish in 2006 2007 one D 1 post to oversee the areas of financial management, general administration, recruitment and staff administration, logistical and administrative support for field offices, operations and information technology

CAMBRIDGE In the new financial order being put in place by regulators around the world, reform of credit rating agencies should be a key element. Credit rating agencies, which play an important role in modern capital markets, completely failed in the years preceding the financial crisis.

(b) National and regional processes of review and appraisal will begin.

The Office informed the Board that senior managers received training in staff appraisal and that the benefits of this training would be passed down to all staff.

Since the crisis, rating agencies have been under attack, and major regulation, which could severely affect their business, has been discussed on both sides of the Atlantic. Given this, how free are credit rating agencies to express their opinion on the very institutions that will regulate them?

A. Senior Management Service

C. Senior Management Network