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Notes to the financial statements

Because there are serious business irregularities, business stagnation or the application for the termination of business types of some payment agencies, etc., this renewal will reduce its business scope.

The market for capital investment loans for industrial and service enterprises has been severely constrained since 2000, as many businesses have closed or significantly reduced their capacity because of the tightening of the economy.

Fiscal stringency which requires SME support service agencies to be self financing can also act as an incentive for such a change in focus.

Finance Agonistes

Moreover, the extremes of collapse were amplified by unnecessarily tight monetary policies which deepened the debt deflation process, served to depress output and employment and caused serious dislocations in the corporate and financial sectors (Stiglitz, 2002).

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In 2000 a Division on Integration of Society and Gender Equality was established.

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(c) Improved business processes .

The operation was further reduced and its tasks revised to enable a smooth transition, by the end of the mandate, from a special political mission to a framework for sustainable development assistance.

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The Engineering Operations Unit, on the other hand, plans engineering aspects for the creation of new missions, for any required adjustments in the internal support arrangements of field missions following mandate changes and for the drawdown liquidation of reducing closing missions.

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Improved operational efficiency or effectiveness

Related programme trends reflect real downsizing of operations in the Asia and Pacific region and the Americas region.

Austerity and Debt Realism

The plan was to address (a) business acquisition and strategy (b) enhancement of mission, vision and values (c) project management and pricing (d) organizational structure and (e) business process improvements.

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Operational activities to promote peace

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